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.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
