Thailand’s Minor International plans $2.9b takeover bid for Spain’s NH Hotels

A hotel guest sits and reads a newspaper, left, while waiting in the hotel lobby area at the NH Constanza hotel, operated by NH Hoteles SA in Barcelona, Spain, on Thursday, Nov. 28, 2013. Photographer: David Ramos/Bloomberg

Thailand-based Minor International said on Tuesday it plans to launch a takeover bid for NH Hotels valuing the Spanish hotel group at up to 2.5 billion euros ($2.9 billion) after buying a stake from Chinese conglomerate HNA Group.

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