SOTOGRANDE (San Roque, Cádiz) -- Sotogrande S.A., the real estate branch of the NH Hotels chain, registered losses of €9.01 million up to September 30, 2014, which is 12% less than the €10.2M losses for the same period last year. According to documents registered with the Comisión Nacional del Mercado de Valores (CNMV, National Stock Exchange Commission), group income was €14.3M, compared to that of 2013, which amounted to €20M, 28% less. Other significant news about Sotogrande SA is that it informed the CNMV that Sociedad 3 and its majority shareholder, NH Hotel Group SA, had agreed to a joint venture with the Cerberus and Orion groups, with the objective of transmitting 96.997% of Sotogrande SA's share capital and of the intragroup financing rights.
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