US group prepares to take over debt-laden Spanish chain NH Hotels

Tuesday, November 6th 2012 - 06:20 UTC

Full article 3 comments

Spain's NH Hoteles has received a preliminary offer from US private equity firm KKR to buy bonds that can be converted into shares of the debt-laden hotel chain. NH Hoteles, Europe's third largest business hotel operator based on rooms, has long been tipped as a private equity target given its large debt and that of its savings bank shareholders, which together own nearly a third of the firm. Read full article

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ChrisR
Bit of a gamble putting money in a group exposed to Spain, not one I would take.
Nov 06th, 2012 - 10:56 am - Link - Report abuse 0
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briton
Spain has been trying every trick in the book to avoid a bail out,

Sadly they just lost, and the bail out is now imminent.
Italy next then..
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Nov 06th, 2012 - 08:14 pm - Link - Report abuse 0
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British_Kirchnerist
Spain going down with austerity...
Nov 09th, 2012 - 12:03 pm - Link - Report abuse 0
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