Feb. 18 (Bloomberg) -- Caja Madrid, a shareholder of NH Hoteles SA, will force Gabriele Burgio to will step down as chairman of the Spanish hotelier, El Confidencial reported.
NH Hoteles will hold a board meeting today to discuss the issue, El Confidencial said, citing unidentified people with knowledge of the matter.
Spokesmen for Caja Madrid and NH Hoteles both declined to comment on the report when contacted by Bloomberg News.
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