Minor International to Take Private its Madrid-Based Hotel Company
Skift Take
The move would give Minor International more flexibility in managing its assets and capital and comes a month after the chairman announced an ambitious growth strategy
Minor International said Monday it aims to take private its European subsidiary Minor Hotels Europe & Americas, offering about $6.70 (€6.37) a share to delist it from the Madrid Stock Exchange.
What's at stake: The subsidiary Minor Hotels Europe & Americas has a portfolio of 357 hotels in 38 countries. Minor International bought it in 2018 — at the time, un
