| Chinese buyers are running a rule over FTSE 100 hotels group IHG, according to weekend reports, sending its shares higher in early morning trade today.The sovereign wealth fund, China Investment Corp, along with Shanghai Jin Jiang International Hotels Group and airline owner HNA Group are cited as possible suitors.
In opening deals, IHG shares topped the FTSE 100 leader board, up 28p, or 1.1 per cent, to 2,517p. IHG, which owns the Crowne Plaza and Holiday Inn brands, is thought to be exposed after rival Starwood Hotels & Resorts Worldwide recently agreed to a takeover by Marriott...............................................Full Article: Source
|