The Extraordinary General Shareholders Meeting of Minor Hotels Europe & Americas (MHEA) has approved the takeover of MHG Continental Holding (Singapore) Pte. Ltd. by means of delisting the company from the Spanish stock exchange.
MHG Continental Holding (Singapore) Pte. Ltd., MHEA’s majority shareholder and a subsidiary of Minor International Public Company Limited (SET: MINT), will launch a public takeover bid (OPA) for the remaining shares. The purpose is to remove MHEA’s shares from trading on the Madrid, Barcelona, Bilbao, and Valencia stock exchanges. The offer price is set at €6.37 per share, payable in cash.
MHEA has delegated authority to company officers to finalise the delisting and takeover, including interactions with regulatory bodies.
Formerly known as NH Hotel Group, part of Minor Hotels, the group has shifted to operate as Minor Hotels Europe & Americas following a vote by NH Hotel Group’s shareholders to change the company’s registered name.
Bualuang Securities wrote in December last year after the initial proposal of takeover that the delist would help reduce regulatory compliance burdens and listing expenses due to low free float (4.135%), low trading volume, and limited analyst coverage in the Spanish Exchange.
About Minor Hotel
Minor Hotels is a global hospitality group operating over 560 hotels, resorts and residences in 58 countries, pursuing its vision of crafting a more passionate and interconnected world. As a hotel owner, operator and investor, Minor Hotels fulfils the needs and desires of today’s global travellers through its diverse portfolio of eight hotel brands – Anantara, Avani, Elewana Collection, NH, NH Collection, nhow, Oaks and Tivoli – and a collection of related businesses. Minor Hotels is rapidly accelerating its global growth ambitions, aiming to add more than 200 hotels by the end of 2026.
