• NH share move

Spanish hotel group NH is taking control of its Italian joint venture, NH Italia, via a share issue. Co-investor Intesa Sanpaolo will give up its 44.5% stake in the JV, in return for being issued with 42 million new NH shares.

The deal will increase NH’s issued share capital by around 12%, and give Intesa 16% of the group’s total shareholding. NH’s leverage will reduce, and it is hoped the move will encourage greater liquidity in the company’s shares.
Read the full story here:
http://corporate.nh-hoteles.es/en/newsroom/news-detail/nh-hotel-group-se-hace-con-la-participacion-de-intesa-sanpaolo-en-nh-italia-153-en

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