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Banyan Tree to acquire remaining stake in Laguna Resorts & Hotels for THB 40 a share

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Banyan Tree to acquire remaining stake in Laguna Resorts & Hotels for THB 40 a share

PC Lee Published on Mon, Feb 26, 2018 / 8:45 AM GMT+8

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SINGAPORE (Feb 26): Banyan Tree Holdings is acquiring the remaining 34.25% stake it does not own in subsidiary, Laguna Resorts & Hotels (LRH).

Banyan Tree says the acquisition will enable to group to increase its economic interest in LRH. The offer also provides an opportunity to realise their investment in LRH.

The acquisition will be made via a voluntary tender offer for LRH shares by Banyan Tree and its subsidiary, Banyan Tree Resorts & Spas (Thailand) Company Limited.

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