Bankia has started the sale of its share of 12,6% in NH Hoteles. The institution presided over by José Ignacio Goirigolzarri has hired the investment bank JB Capital Markets, from Javier Botín, the son of the president of Santander, who will have to look for the best offers for the sale of the shares belonging to the bank.
This disinvestment process is framed within the restructuring plan approved by Brussels, due to which Bankia already sold its shares in Mapfre, IAG, Indra, Sacyr, and City National Bank of Florida, among others.
Right now, the biggest shareholder of NH Hoteles is the Chinese group HNA Group, whose participation reached 24,05% after acquiring 4,05% from Pontegadea Inversiones, a company belonging to Amancio Ortega. Hesperia holds 20%.
The disinvestment carried out by Ortega took place after several savings banks such as Kutxabank left NH´s capital.
The market value of the participation of Bankia reaches 155,5 million Euros, after an increase of 53% in the value of the share. Bankia held more than 15% of the hotel company before the capital extension opened the door to the company HNA.
Along with this participation, Bankia is still present in Iberdrola (5,14%), Realia (27,65%) and Deoleo (18,2%).
The portfolio of the Bankia group is completed with the participation in up to 70 unlisted industrial and financial companies, as well as from other sectors. These are mainly from the infrastructure, insurance, renewable energies, leisure and tourism, health and risk capital sectors. The main participations by Bankia in unlisted companies are Globalvía (50%), Renovables Samca (33,3%), Mecalux (20%), Inversis (38,5%) and Ribera y Salud (38,5%). (…)