# Spain suspends trading in NH Hoteles, Thai parent offers to buy shares
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-05-08
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: NH Hotel Group SA Trading Suspended as Thai Parent Offers
Meta Description: Spanish stock market regulator suspends NH Hotel Group SA trading as parent company offers to purchase shares. Stay updated with this developing news.
URL: https://financedigest.com/spain-suspends-trading-in-nh-hoteles-thai-parent-offers-to-buy-shareshtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-05-08t113021z1lynxmpej470ccrtroptp4nh-hoteles-1736814054351-compressed.jpg)

# Spain suspends trading in NH Hoteles, Thai parent offers to buy shares

MADRID/BANGKOK (Reuters) – Spanish stock market regulator CNMV on Monday suspended the trading of shares in NH Hotel Group SA pending information from the company, just as its Thailand-based parent company offered to buy NH stocks in the market.

The regulator said the suspension was a “precautionary measure” taken “while relevant information on the aforementioned entity is disseminated”.

Minor International, which already owns a 94% stake in NH, said in a separate statement issued after the CNMV’s announcement it would buy outstanding shares on the Madrid stock exchange for a 30-day period at a price no higher than 4.50 euros ($4.97) per share.

Earlier on Monday, NH [published its first-quarter results but did not mention Minor’s offer](https://www.financedigest.com/rothermeres-up-offer-to-take-daily-mail-publisher-private.html "Rothermeres up offer to take Daily Mail publisher private"). The group’s net recurring loss halved to 40 [million euros](https://www.financedigest.com/sp-global-fined-1-1-million-euros-for-premature-credit-rating-publications.html "S&P Global fined 1.1 million euros for premature credit rating publications") from a year ago as it expected demand to remain strong in coming months.

The [company did not immediately respond to a request](https://www.financedigest.com/australian-state-balks-at-energy-companys-request-for-help-with-lng-import-terminal.html "Australian state balks at energy company’s request for help with LNG import terminal") for comment. Its [shares rose about 1% to 3.625 euros](https://www.financedigest.com/unicredit-gets-ecbs-green-light-for-second-1-billion-euro-share-buyback.html "UniCredit gets ECB’s green light for second 1 billion euro share buyback") on Friday.

($1 = 0.9051 euros)

(Reporting by David Latona and Corina Pons in Madrid and Chayut Setboonsarng in Bangkok; Editing by Andrei Khalip)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---