KKR considers Spain's NH Hoteles
KKR has made an offer to buy bonds that can be converted into shares in Spanish hotel group NH Hoteles, according to reports.
Troubled Spanish lender Bankia currently holds a 15.7% stake in the firm.
Henry Kravis, co-chairman and co-chief executive of KKR, recently expressed his interest in Spain, highlighting the opportunities for successful investments as assets are sold at a low price amid the nation's economic turmoil. The private equity veteran said there is "real opportunity" in Spain and other nations at the heart of the eurozone crisis.
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