Thai tourism group Minor offers to buy out Spanish arm's minority shareholders

Minor Hotels Europe & Americas SA

16/12/2024 08:29

Dec 16 (Reuters) - Thai tourism group Minor
International  MINT.BK  has offered to buy out minority
shareholders of Spain's Minor Hotels Europe & Americas  NHH.MC ,
the Spanish company said late on Friday. 
   The Thai group, which already owns 95.9% of MHEA shares,
offered to pay 6.37 euros ($6.70) per share for the stake it
does not own, with an aim to delist Minor Hotels, which was
previously known as NH Hotels, the company said in a filing to
the Spanish stock market regulator. 
    The price represents a 38% premium over MHEA's closing price
on Friday. Minor Hotels' market value was 2.02 billion euros on
Friday. 
    Minor took over the Spanish group in 2018, paying 6.30 euros
per share.
    ($1 = 0.9508 euros)

 (Reporting by Joanna Jonczyk-Gwizdala, editing by Inti Landauro
and Emelia Sithole-Matarise)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))