NH Hoteles announced it will issue 16.37 million new shares at a minimum price of EUR 15.27, increasing its capital by around EUR 250 mln. The company will present the proposal to the CNMV, the Spanish national stock exchange commission, on December 28 for approval. The hotel chain did not disclose the intended use for the additional funds.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
