Amsterdam-based ING Bank has said it will sell up to 6.5% of hotel manager Sol Melia to a group of 'qualified investors' in Spain and overseas, confirming earlier market rumours. The Dutch group told the Spanish stock exchange commission CNMV on Tuesday that the offer comprises 12 million shares, which are valued at some EUR 190.36 mln, as the share price of the Spanish group was EUR 15.85 when the market closed on Monday.
Amsterdam-based ING Bank has said it will sell up to 6.5% of hotel manager Sol Melia to a group of 'qualified investors' in Spain and overseas, confirming earlier market rumours. The Dutch group told the Spanish stock exchange commission CNMV on Tuesday that the offer comprises 12 million shares, which are valued at some EUR 190.36 mln, as the share price of the Spanish group was EUR 15.85 when the market closed on Monday.
In a statement, the Dutch group's London arm said the sale will be carried out in a single day. The bank did not disclose the client on behalf of whom it is selling the shares but market sources indicated that Sol Melia's stake likely belongs to Rufino Calero, founder and chairman of the Vinci hotel company. His Ailemlos investment vehicle holds 6.51% of Sol Melia, which compares to about 12 million shares, according to the CNMV.
Sol Melia's leading shareholders are its founders, the Escarrer family, with about 60.9%. The company provides almost 350 hotels with 85,000 rooms in 30 countries on 4 continents.
