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HNA confirms investor interest in NH Hotel stake

HNA Group Co. Ltd. said in a letter to the Comisión Nacional del Mercado de Valores that it has received "a number of informal expressions of interest" for its stake in Spain's NH Hotel Group SA, but no agreement has yet been reached.

The Chinese conglomerate, which owns a nearly 30% interest in the Madrid-based hotelier, tapped JP Morgan and Benedetto Gartland & Co. to market the stake in January.

HNA said in the letter that a dialogue has been established with a "relatively broad group" of interested investors, adding that no details on timing or the investors in question can be shared without the risk of misleading the public market.