Minor Hotels Europe & Americas Delisted:‍ CNMV Approves Exclusion ⁣Offer at €6.51 Per Share

The Spanish National Securities Market Commission (CNMV) has given the green light to the exclusion public offer for Minor Hotels europe & Americas, a meaningful move that will see ‍the company delisted from Spanish stock exchanges. The offer, presented⁢ by ⁤MHG Continental ⁢Holding, the investment arm of Thailand’s Minor International, was formalized on February 13 and officially approved by the CNMV Council on July 23.

Key Details of the Exclusion Offer

The exclusion ‍offer sets a price of €6.51 per share. This price will be paid to shareholders who choose to accept the offer.

Minor Hotels Europe & Americas currently has a share capital of 435.7 million shares, which are traded on the Madrid,‍ Barcelona, ⁤Bilbao, and Valencia⁤ stock exchanges. Though,the offeror,MHG Continental Holding,already holds a significant stake of 417.7 million titles, representing 95.87% of the total capital. Consequently, the offer is specifically targeted‍ at acquiring the remaining⁣ 18 million shares, which constitute 4.13% ⁣ of the company’s capital.

What Happens Next for Shareholders?

The exclusion of Minor Hotels Europe & Americas from the stock market will become effective⁢ once the transaction is settled. For those shareholders who do not accept the offer, and if the offeror ⁢manages to acquire 100% of the capital, a forced sale mechanism will be triggered. This mechanism is⁣ provided⁢ for under Article 116 of the Securities Market Law.

The CNMV is expected to announce the calendar for offer acceptance shortly. This will follow the bidder’s publication of the corresponding announcement, providing shareholders with the necessary information and timelines to⁣ participate in the offer.

This growth marks a significant ⁢step for Minor Hotels Europe & Americas⁤ as it transitions away from public trading, consolidating ownership under its⁤ parent group.