Bahrain PM Khalifa bin Salman Al Khalifa Undergoes Negotiations to Acquire 60% of Kempinski Hotels
2016-06-29 - 11:28 p
Bahrain Mirror: An inside source unveiled that the Prime Minister of Bahrain Khalifa bin Salman Al Khalifa is undergoing negotiations with the international hotel group Kempinski Hotels in order to acquire 60% of the group's shares.
Khalifa bin Salman currently owns 20% of Kempinski Hotels and the King of Thailand, Bhumibol Adulyadej holds 80% ownership of the hotelier group.
The source further elaborated, in an exclusive interview with hotelandrest.com (June 23, 2016), that present negotiations discuss King of Thailand to sell a majority of his shares for an estimated value of 1 billion Euros. Following the negotiations, King Bhumibol Adulyadej will continue to hold 20% ownership in Kempinski Hotels.
Kempinski Hotels was founded in 1897 and owns, operates, and manages 112 hotels and luxury resorts around the world.
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