NLI Holdings, in which International Hotel Investments has a 50 per cent stake, has sold 11 of the 12 residential apartments adjoining the Corinthia Hotel in London.

The penthouse is being retained by NLI, IHI said in a company announcement. IHI also announced that its board had approved the payment of a net interim dividend of 0.03 per share, the first for this particular equity.

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