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The investment demonstrates MINT’s strategy of pursuing financially attractive investments The investment demonstrates MINT’s strategy of pursuing financially attractive investments

Minor International Acquires NH Hotel Group Shares

Minor International (MINT) is acquiring 30 million shares in NH Hotel Group in a transaction valued at EUR192 million (USD225 million).

Together with its existing shareholding, these will increase MINT’s stake in NH Hotel Group to 8.6 percent on a fully diluted basis.

According to the group, NH Hotel Group is the sixth largest hotel chain in Europe and this investment offers strategic benefits to MINT which, with its deep hospitality and food and beverage experience, also brings strategic value to the NH Hotel Group.

NH Hotel Group successfully enhanced operational efficiencies in its four main clusters, Spain, Benelux, Central Europe and Italy. The investment in NH Hotel Group also marks a strategic progression given MINT’s current presence in Asia, Australia, the Middle East and Europe.