LONDON Nomura Securities Co. s private equity unit may bid more than 1 billion pounds or $1.4 billion for Thistle Hotels Plc if its plan to buy three hotel chains from Granada Compass Plc fails, The Times of London reported.
The unit, let by Guy Hands, will probably turn to Thistle if it doesn t capture Granada s Le Meridien, Posthouse and Signature chains, the paper said. Thistle would fit with the Principal Hotels chain, which Nomura acquired for 255 million pounds or $372.6 million, last month. (2/10/01)
SOURCE:Bloomberg