September 5, 2018 / 6:14 AM / 3 months ago

BRIEF-NH Hotels: Hesperia Warns Of Contract Resolution

Sept 5 (Reuters) - NH Hotel Group SA:

* SAID ON TUESDAY ITS SHAREHOLDER, GRUPO INVERSOR HESPERIA(GIHSA), HAD SENT TO NH NOTIFICATION OF RESOLUTION FOR TAKEOVER

* NOTIFICATION RELATES TO 28 HOTELS OF GIHSA MANAGED BY NH

* NOTIFICATION IS SUBJECT TO THE EFFECTIVE CHANGE OF CONTROL, WHICH WOULD OCCUR WITH THE ACQUISITION BY MINOR OF 50.01 PERCENT OF THE VOTING RIGHTS IN NH

* IF CHANGE OF CONTROL OCCURS, GIHSA TO PAY TO NH RETURN OF NET PRICE AMOUNT (TERM DEFINED IN THE FRAMEWORK MANAGEMENT CONTRACT)

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below