Bualuang Securities has reported that Minor International Public Company Limited (SET: MINT) has successfully delisted Minor Hotels Europe & Americas (MHEA), which manages hotels in Europe and the Americas under the NH, NH Collection, nhow, Tivoli, Avani, and Anantara brands, from the Spanish stock exchange as planned.
The move will help reduce administrative and related expenses, as well as streamline the organization’s structure for greater efficiency, said the brokerage firm.
The tender offer was highly successful with an acceptance rate of 87%, reflecting an appropriate offering price of EUR 6.51 per share and the confidence of MHEA minority shareholders.
MINT has increased its stake in MHEA from 95.9% to 99.5%, equivalent to an additional 15.7 million shares (out of a target of 18 million shares), with a total value of approximately EUR 102 million, or around THB 4 billion.
According to the securities firm, the delisting of MHEA unlocks the full potential of MINT’s hotel network, enhancing flexibility and speed in strategic decision-making while reducing complexity and costs associated with being a listed company on the Spanish exchange. The deal, valued at approximately THB 4 billion, is already included in MINT’s 2025 investment budget.
