Minor launches a takeover bid for the shares of the former NH to delist it from the stock market

MADRID Dec. 13 () –

MHG Continental Holdings, owner of the former NH Hotels International (now Minor Hotels Europe & Americas) has launched a public acquisition offer (OPA) for its shares with a price of 6.37 euros per share.

Thus, as notified to the National Securities Market Commission (CNMV), the company, wholly owned by Minor International Public Company Limited (MINT), will direct the takeover bid to all the company’s shares, except for those that had voted favor of the exclusion at the extraordinary general meeting, which will be held on January 20, 2025.

Likewise, it will put to a vote the exclusion from trading on the Madrid, Barcelona, ​​Bilbao and Valencia Stock Exchanges of all the shares representing the share capital of MHEA, and the formulation by MHG.

MHG already owns 95.865% of the company’s share capital, so in this operation it would only have to acquire the rest. At market close this Friday, the price of MHEA shares was 4,630 euros.

If, upon the settlement date of the OPA, MHG intends to require the holders of the Company’s shares to whom the offer would be directed and who had not attended it, to force their sale at the same price as the Offer, that is, at a price of 6.37 euros per share.