CMS advises NH Hoteles on € 431.5m deal

18/05/2011

CMS has advised hotel group NH Hoteles on the increase of its stock capital exclusively subscribed by Chinese group HNA, a big player in the airline, logistics, financial services, tourism, real estate and hotels sectors. The €431.5m deal represents 20% of the total stock capital of NH Hoteles SA., making HNA the second largest shareholder (after the hotel chain Hesperia). The closing of the transaction is subject to approval by the relevant Chinese authorities, expected to take place in early August. The CMS team required expertise and coordination between China and Spain.