- Since its IPO in 1996, this is the second time the company has been invited to join the index of companies with the highest levels of liquidity in Spain
Meliá Hotels International (MHI), the leading hotel company in Spain, will form part of the Ibex 35 Spanish stock market index from August 8th, following the departure of FCC. The Company was highly commended in a review conducted by the Technical Advisory Committee, published by the Spanish National Securities Market Commission.
With a market capitalisation of approximately €2.4 billion, Meliá Hotels International returns to Spain’s leading stock market index. Companies included in the index obtain greater market visibility, as well as increased access to TIER 1 investment funds and investment funds linked to the Ibex index.
The events that have enabled the Company, led by Gabriel Escarrer, to return to the Ibex 35 include an improvement in the liquidity of stock based on an increase in capital and the free float, due to the consolidation of the company balance sheet and the steady progress of financial matters over recent years.
Meliá Hotels International will continue to improve the Company’s stock market performance through an asset-light business model with a lower degree of leverage, strategic product repositioning to grow the successful hotel business performance and diversification of the international hotel portfolio.
Proud to be part of the tourism industry, one of the most prosperous and dynamic sectors of Spain, Meliá Hotels International is honoured to become part of the most important Spanish stock index.