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NH Hoteles in conversations with funds

NH Hoteles, Spanish biggest hotel chain in terms of properties, is in conversations with foreign funds alter their agreement with chinese Group HNA has been delayed.

 

An American fund has made an offer to NH Hoteles, but the Spanish chain rejected it, arguing low price. Yet the conversations continue, and very soon both parts will have a meeting.

 

NH Hoteles is needed of liquidity, as it main shareholder, Bankia, first Spanish former saving bank Group commanded by former IMF managing director Rodrigo Rato.


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