• NH stake on the block

Investor Grupo Hesperia is to sell EUR145m of shares in Spanish hotel group NH. The tranche represents 8% of its current 20% holding in the embattled group, reports Reuters.

Hesperia has asked JP Capital Markets to handle the sale. It has undertaken to retain its remaining stake for the medium term.
Read the full story here:
http://www.reuters.com/article/2014/05/19/nh-hoteles-idUSS8N0NU00G20140519

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