NH Hoteles rights issue points towards European recap
The Spanish operator of business hotels NH Hoteles has plans for Eu200m capital increase, making it the latest struggling continental business to raise cash. NH Hoteles aims to increase its share capital by two thirds to avoid breaching its loan covenants in what is a difficult environment for the hospitality sector. Are struggling European businesses getting ready for large scale recapitalisations through the equity market? Read EuroWeek on Friday.
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