Key Developments: Rezidor Hotel Group AB (REZT.ST)

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Latest Key Developments (Source: Significant Developments)

Rezidor Hotel Group strengthens portfolio in Saudi Arabia and re-enters Libya
Monday, 11 May 2015 07:02am EDT 

Rezidor Hotel Group AB:Says has at the Arabian Hotel Investment Forum in Dubai signed six new projects in Dubai/UAE and the Kingdom of Saudi Arabia as well as one hotel in Libya.Across the Middle East, Rezidor now operates and develops 66 hotels with 15,300 rooms. The group's total EMEA portfolio features more than 430 hotels with 95,600 rooms in 75 countries.  Full Article

Rezidor proposes EUR 0.03/share as FY 2014 dividend
Monday, 16 Feb 2015 07:00pm EST 

Rezidor Hotel Group AB:Proposes a dividend of 0.03 euros per share for FY 2014.  Full Article

Rezidor Hotel Group announces terms for rights issue
Tuesday, 22 Apr 2014 02:00am EDT 

Rezidor Hotel Group AB:Says it has set terms for the rights issue.Shareholders in Rezidor have preferential rights to subscribe for one new share for six existing shares held.The subscription price is 22.30 Swedish crowns per share, which represents total rights issue proceeds of a maximum of about 544 million crowns (corresponding to about 60 million euros) before transaction costs.The subscription period runs from and including May 5 up to and including May 21.Rezidor's principal shareholder, Carlson, has, subject to customary conditions, committed to subscribe for its pro-rata share of the rights issue, corresponding to about 51.3 percent of the new shares.  Full Article

Rezidor Hotel Group AB to propose rights issue; says no proposed dividend for FY 2013
Friday, 7 Feb 2014 01:30am EST 

Rezidor Hotel Group AB:Says Board of Directors intends to propose a rights issue of about 60 mln euros to accelerate strategy and profitability initiatives.Says the rights issue of 60 mln euros is expected to be approved in conjunction with the AGM on Apr. 24 with the subscription period for the rights issue and trading in rights expected to commence shortly thereafter.Says, given this intention to strengthen the balance sheet of Rezidor, no dividend will be proposed for fiscal year 2013.Says it appointed SEB Corporate Finance as financial adviser in relation to the rights issue.  Full Article

Rezidor Hotel Group AB signs 32 projects and opened 14 hotels in 2013
Tuesday, 28 Jan 2014 03:01am EST 

Rezidor Hotel Group AB:Says by the end of 2013, with a total of 32 projects were signed (6,400 rooms) and 14 hotel opened (3,300 rooms).Says in the Q4 of 2013 alone, Rezidor has signed 8 projects with 2,150 rooms and opened 4 hotels with 950 rooms.  Full Article

Rezidor restructures three lease agreements and terminates one contract
Wednesday, 8 Jan 2014 01:00am EST 

Rezidor Hotel Group AB:Says signed four agreements in Q4 2013 to further improve the profitability of the leased portfolio.Says has restructured three lease contracts out of which two led to a 3.6 million euros 2013 EBITDA increase and one is forecasted to generate an additional 1.7 million euros in EBITDA in 2014 and thereafter.Says one additional loss-making agreement will be terminated in Dec. further increasing the EBITDA by about 0.5 million euros annually in addition to CapEx savings.Says all transactions were related to assets in Europe.  Full Article

Rezidor Hotel Group AB Signs Eight Agreements for New Hotels; Enters Algerian Market
Thursday, 17 Oct 2013 10:10am EDT 

Rezidor Hotel Group AB announced that the Company has signed eight agreements for new hotels with a total of 1,400 rooms in the third quarter of 2013. Five of these signings represent projects in Saudi Arabia, a key focus country for Rezidor. Rezidor has also added a new country to its portfolio and signed the first Radisson Blu Hotel in Algiers, Algeria. The upper upscale property with 137 rooms in scheduled to open in the first quarter of 2015.  Full Article

Rezidor Hotel Group AB Signs 11 Hotels
Friday, 12 Jul 2013 04:01am EDT 

Rezidor Hotel Group AB announced that it has signed 11 hotels with almost 1,800 rooms in the second quarter of 2013. During the same period, Rezidor has also opened 3 hotels with 450 rooms and extended 3 hotels (350 rooms). At the end of June, Rezidor's operating portfolio comprises 335 hotels with 74,000 rooms in 56 countries across Europe, the Middle East and Africa.  Full Article

BRIEF-Rezidor Hotel Group strengthens Saudi Arabia portfolio, re-enters Libya

* Rezidor Strengthens Portfolio In Saudi Arabia And Re-Enters Libya Source text for Eikon: Further company coverage: (Reporting By Anna Ringstrom)

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