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New Deal


Announced

Bankinter to acquire eight hotels from Meliá for €205m.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Hotels and Motels

Friendly

hotels

Majority

Private

Acquisition

Domestic

Spain

Single Bidder

Pending

Synopsis

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Bankinter, a commercial bank, agreed to acquire eight hotels from Meliá, a Spanish hotel chain, for €205m. Both Meliá and Bankinter will contribute €20m to the creation of this new limited company, with which both will have a 10% stake, which will be managed by GMA , in turn shareholder, as reported by Efe from sources close to the operation .

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