PropertyEU

New structure agreed for Italy's Jolly Hotels

By A staff reporter 2006-11-13T00:00:00

Spanish hotel group NH Hotels and Banca Intesa have concluded an agreement giving them control over Italy's Jolly Hotels group. A new holding company will be formed called Grande Jolly with control of 75% of the hotel group. It will launch a bid to buy the outstanding 25%. Presently ...

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