June 11, 2018 / 6:40 PM / a year ago

Thailand's Minor International says it would not delist NH Hotels after takeover

FILE PHOTO: The logo of Spanish NH Hoteles chain is seen on the roof of one of its hotel in central Madrid October 28, 2009. REUTERS/Sergio Perez/File Photo

MADRID (Reuters) - Thai hotel and food group Minor International (MINT.BK) does not intend to delist NH Hotels (NHH.MC) from the stock market if it succeeds with its takeover bid for the Spanish company.

Minor International stated its intention to keep the hotel chain listed in a document filed with Spain’s stock market regulator. Its bid values NH at up to 2.5 billion euros ($2.95 billion).

Reporting by Isla Binnie and Andrés González; Editing by David Goodman

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