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BRIEF-New Mauritius Hotels signs agreement with Club Med for redevelopment and rental of Sainte Anne Resort
November 14, 2017 / 11:45 AM / 5 days ago

BRIEF-New Mauritius Hotels signs agreement with Club Med for redevelopment and rental of Sainte Anne Resort

Nov 14 (Reuters) - NEW MAURITIUS HOTELS LTD:

* SIGNED ON NOV. 10, AGREEMENT WITH CLUB MED SAS FOR REDEVELOPMENT AND SUBSEQUENT RENTAL OF SAINTE ANNE RESORT IN SEYCHELLES

* NMH WILL TRANSFER THE SAINTE ANNE PROPERTY TO BEACHCOMBER HOSPITALITY INVESTMENTS LTD (BHI) IN EXCHANGE FOR BHI SHARES

* GROUP’S SHAREHOLDING IN BHI WILL REMAIN AT 55% AFTER THE ISSUE OF THE NEW SHARES Source: bit.ly/2zE6SMW Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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