June 5, 2018 / 6:53 PM / 2 months ago

CORRECTED-Thailand's Minor plans to take over Spain's NH Hotels

(Corrects first para to show HNA’s stake is not a majority stake)

MADRID, June 5 (Reuters) - Thailand-based Minor International said on Tuesday it plans to launch a takeover of NH Hotels after buying a stake in the Spanish company from Chinese conglomerate HNA Group.

Minor will offer 6.4 euros for each share in NH, it said in a filing with the Spanish market regulator, after paying HNA 622 million euros ($729 million) for the Chinese group’s 26 percent stake.

That purchase will take Minor’s ownership over the 30 percent threshold at which Spanish law requires a full takeover be launched. ($1 = 0.8535 euros) (Reporting by Isla Binnie; Editing by Adrian Croft)

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