NH Hotel Group, S.A. (0OHG.L)

Spain suspends trading in NH Hoteles, Thai parent offers to buy shares

Spanish stock market regulator CNMV on Monday suspended the trading of shares in NH Hotel Group SA pending information from the company, just as its Thailand-based parent company offered to buy NH stocks in the market. The regulator said the suspension was a "precautionary measure" taken "while relevant information on the aforementioned entity is disseminated". Minor International, which already owns a 94% stake in NH, said in a separate statement issued after the CNMV's announcement it would buy outstanding shares on the Madrid stock exchange for a 30-day period at a price no higher than 4.50 euros ($4.97) per share.