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PPH — PPHE Hotel News Story

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Consumer CyclicalsAdventurousMid CapNeutral

PPHE Hotel Group surges after key investors mull stake sale

** Shares of hospitality company PPHE Hotel Group PPH.L are up 10.4% at 1,656 p, top gainer on London's mid caps index .FTMC, which is down 1.38%
** Major shareholders, Eli Papouchado and Boris Ivesha, say they plan to hold meetings with investors regarding their stake in co

** Shareholders said that discussions may include selling part of their stake in PPHE

** Shareholders, who collectively own 44% of co's voting rights, have not received any offer for their collective stake in PPHE

** Up to Thursday's close, the stock had risen 6.38%, compared with a 5.17% increase in FTMC

(Reporting by Simone Lobo)

((Simone.Lobo@thomsonreuters.com, +919920570373))

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