The offer to buy made through MHG Continental Holding, of Singapore, now lacks the authorization of the Competition Authority, as well as the approval by the Spanish counterpart, CNMC.
This offer is voluntary, but Minor Group owns 8.7% of NH Hotels' capital and has agreements with shareholders that would give it a share above 30%, such as the Chinese group HNA.
The majority of NH Hotels' hotels are in Spain and Latin America, with two hotels in Lisbon and one in Oporto, according to Negócios.