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5 months ago
BRIEF-China's HNA Group lowers stake in NH Hotels to avoid mandatory takeover bid
February 28, 2017 / 10:25 AM / 5 months ago

BRIEF-China's HNA Group lowers stake in NH Hotels to avoid mandatory takeover bid

1 Min Read

Feb 28 (Reuters) - HNA Group Co Ltd:

* Said on Monday it sold 541,931 shares of NH Hotels to avoid launching a mandatory takeover bid

* After the sale, holds via Tangla Spain 102.8 million shares of NH Hotels, representing 29.34 percent of capital and 29.98 percent of voting rights in NH Hotels

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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