NH Hotel takeover heats up with Hyatt now in the running

Hyatt has indicated its interest in acquiring NH Hotel Group, as the latter mulls an offer from Thailand’s Minor International, an existing shareholder, Bloomberg reports.

After increasing its shareholding in NH Hotel Group in June this year, Minor International has entered a Share Purchase Agreement for 22,496,064 additional shares, representing 5.7 per cent shareholding, subject to the approval of Minor’s shareholders at the EGM on August 9.

If approved, the purchase would give Minor International control of 172,379,103 shares, amounting to 44 per cent shareholding.

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