• HNA increases NH stake

Chinese travel group HNA has increased its shareholding in Spanish hotel group NH. A deal with fellow shareholder, Italian bank Intesa SanPaolo, sees it buying a 5.5% stake, taking its holding to 29.5%, reports El Confidencial.

The deal was agreed at EUR4.55 per share, marginally above the company’s current stock price. Investor Hesperia has recently announced plans to reduce its shareholding in NH.
Read the full story here:
http://www.elconfidencial.com/mercados/inversion/2014-05-26/hna-eleva-su-peso-en-nh-al-29-5-tras-comprar-a-intesa-29-millones-de-acciones_136889/

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