On December 13, 2024, Minor International (MINT), the parent company of Minor Hotels, announced that the board of directors of Minor Hotels Europe & Americas (MHEA) approved an offer from MHG Continental Holding, a subsidiary of MINT, to delist MHEA’s shares.
MHG currently holds 95.9% of MHEA. Following the board’s favorable report, the proposal will be submitted to MHEA shareholders for approval at an Extraordinary General Meeting (EGM), scheduled for around January 20, 2025.
The delisting offer proposed by MHG is set at EUR 6.37 per share, a price supported by an independent valuation. The offer complies with relevant Spanish regulations and must obtain prior approval from the Spanish securities regulator, the CNMV, before it can be formally extended to shareholders.
The aim of the transaction is to provide MHEA’s minority shareholders with an attractive exit opportunity while offering MINT increased flexibility in asset and capital management. This initiative is designed to benefit both MINT’s and MHEA’s shareholders.
If approved at the EGM, the proposal will be submitted to the CNMV for review, with the goal of completing the public offer and delisting by the first quarter of 2025, pending CNMV approval. This move marks another step in MINT’s gradual acquisition of MHEA, which began in 2018, and reflects MINT’s commitment to strong governance, protecting minority shareholder interests, and creating value for stakeholders through flexible resource management and strategic capital allocation.
