Oceanwood Boosts Its Participation in NH Hotels, Reaching 14.3%


18 August 2017

The British fund Oceanwood has raised its stake in the NH Hotel Group to 14.3% from 14.1%. Oceanwood has 50.11 million shares of Spanish hotel chain and has consolidated its position as its second largest shareholder, behind the Chinese group HNA, which controls 29.5% of the capital, and ahead of Hesperia, which has 9%. According to information sent to the Spanish National Securities Market Commission (CNMV), of the declared voting rights, 10,012 million (2.86%) correspond to borrowed shares, Europa Press reported.

Original Story: Expansion ProOrbyt

Translation: Richard Turner