Key Developments: NH Hotel Group SA (NHH.MC)

NHH.MC on Madrid SE C.A.T.S.

5.01EUR
27 Mar 2015
Change (% chg)

€0.06 (+1.31%)
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€4.95
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1,168,909
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Latest Key Developments (Source: Significant Developments)

NH Hoteles buys out Intesa Sanpaolo stake in NH Italia
Monday, 14 Apr 2014 08:00pm EDT 

NH Hoteles SA:NH Hotel Group signed agreement to acquire 44.5 percent stake in NH Italia in exchange for shares from Intesa Sanpaolo.Intesa Sanpaolo set up Italian joint venture with NH Hotel Group, which owns remaining 55.5 percent, in 2007.NH Hotel Group to reach 100 percent stake in NH Italia.Transaction entails issuance of 42,000,000 new shares at issue price of 4.70 euros per share.New shares to be subscribed exclusively by Intesa Sanpaolo in exchange for 445,000 shares representing its 44.5 percent interest in NH Italia.As result of capital increase pending to be executed, shareholders structure of company would be: HNA (21.2 percent), GIHSA (17.7 percent), Intesa Sanpaolo (16.0 percent) and free float (45.1 percent).Morgan Stanley acted as financial advisor to NH Hotel Group on transaction.  Full Article

NH Hoteles SA sees 2014 recurring EBITDA growth of 5 pct to 10 pct
Thursday, 27 Feb 2014 01:01pm EST 

NH Hoteles SA:Sees FY 2014 recurring EBITDA growth of 5 percent to 10 percent in comparison to the previous year.  Full Article

HNA Group acquires 4.059 pct stake in NH Hoteles SA
Tuesday, 28 Jan 2014 12:22pm EST 

NH Hoteles SA:Says that on Jan. 28 HNA Group Co. Ltd, through Tangla Spain SLU, acquired 12,512,971 shares of the company, equivalent to a 4.059 percent stake.  Full Article

Bankia SA gives further details on placement of 12.597 pct stake in NH Hoteles
Friday, 17 Jan 2014 02:46am EST 

Bankia SA:Informs of completion of placement process of a total of 38,834,034 shares of NH Hoteles SA, which represent a 12.597 pct stake.Gives the specific number of shares sold by each company.Says Bankia SA sold 111,454 shares of NH Hoteles (a 0.036 pct stake).Says BFA Participaciones Cotizadas SAU sold 13,955,675 shares of NH Hoteles (a 4.527 pct stake).Says Corporacion Industrial Bankia SAU sold 24,766,705 shares of NH Hoteles (a 8.034 pct stake).Says Participaciones y Cartera de Inversion SL sold 100 shares of NH Hoteles (a 0.00 pct stake).Says Abitaria Consultoria y Gestion SA Unipersonal sold 100 shares (a 0.00 pct stake).Says the amount of the operation ascended to 191.8 million euros, equivalent to the sale price of 4.94 euros per share, resulting in a net gain to BFA group of 64 million euros.  Full Article

Bankia SA informs of completion of placement process of 12.597 pct stake in NH Hoteles
Friday, 17 Jan 2014 01:46am EST 

Bankia SA:Informs of completion of placement process of a total of 38,834,034 shares of NH Hoteles SA, which represent a 12.597 pct stake.Says the amount of the operation ascended to 191,840,127.96 euros, equivalent to the price of 4.94 euros per share.Says, as a result, the company, BFA Participaciones Cotizadas SAU, Corporacion Industrial Banka SAU, Participaciones y Cartera de Inversion SL and Abitaria Consultoria y Gestion SA Unipersonal have sold their entire stake in NH Hoteles SA.  Full Article

Bankia SA puts 12.6 pct stake in NH Hoteles up for sale-Reuters
Thursday, 16 Jan 2014 02:23pm EST 

Bankia SA:The company and parent company BFA said they had put up for sale all their 12.6 percent stake in NH Hoteles-Reuters.The sale will be through a book-building exercise with JB Capital Markets acting as book-runner.  Full Article

S&P Rates Spanish NH Hoteles-DJ
Wednesday, 11 Dec 2013 06:13am EST 

NH Hoteles SA:Standard & Poor's Ratings Services said that it had assigned its B- long-term corporate credit rating to the company-DJ.The outlook is stable.At the same time, the agency assigned its B issue rating to the 250 million euro senior secured bonds, due 2019.The recovery rating on the bonds is 2, indicating the agency's expectation of substantial (70 pct-90 pct) recovery prospects in the event of a default.The ratings on NH reflect S&P's assessment of the company's business risk profile as weak and financial risk profile as highly leveraged.  Full Article

Nh Hoteles SA Announces Price Of Shares Acquired By China's HNA Group Co. Ltd.
Wednesday, 6 Nov 2013 02:23am EST 

Nh Hoteles SA announced that the agreed price for 12,512,971 Company‚Äôs shares acquired by China's HNA Group Co. Ltd. was set at EUR 4.20 per share.  Full Article

China's NHA Group To Take Additional 4% Stake In NH Hotels SA-Reuters
Tuesday, 5 Nov 2013 11:58am EST 

Reuters reported that China's HNA Group (HNA) has agreed to buy an additional 4% stake in NH Hoteles SA (NH). HNA, which already owns 20% of NH, said it signed an agreement with Pontegadea Inversiones, an investment vehicle of Amancio Ortega.  Full Article

Fitch Ratings Rates NH Hoteles SA's IDR B-; Senior Secured Notes B+(EXP)-Reuters
Monday, 28 Oct 2013 09:22am EDT 

Reuters reported that Fitch Ratings has assigned NH Hoteles SA (NHH) a long-term Issuer Default Rating (IDR) of B- with a stable outlook. Fitch Ratings has also assigned NHH's planned EUR 225 million senior secured notes an expected senior secured rating of B+(EXP) with an expected Recovery Rating RR2. The B- IDR reflects NHH's high initial leverage and additional free cash outflows expected in the near term, as well as a strengthened operational profile. The rating has factored in its initial success in implementing several strategic initiatives aimed at strengthening its long-term brand positioning and the market share of the group. It also reflects Fitch Ratings' expectation that the Company will be able to refinance its capital structure.  Full Article

BRIEF-NH Hotels buys 87.28 pct of Colombia's Hoteles Royal SA

* Says finalizes purchase of 87.28 percent of Colombia's Hoteles Royal SA

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