We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Accor | EU:AC | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.25 | 0.54% | 46.60 | 46.07 | 46.70 | 46.67 | 45.84 | 46.21 | 798,307 | 16:40:00 |
From Dec 2019 to Dec 2024
By Euan Conley
Accor SA (AC.FR) said Tuesday that it will sell a majority stake in its real-estate division AccorInvest to a group of international investors for 4.4 billion euros ($5.4 billion).
The French hotel company said it will initially sell 55% of AccorInvest to a group that includes Saudi and Singapore sovereign funds, Credit Agricole (ACA.FR), Colony NorthStar (CLNS) and Amundi SA (AMUN.FR), as well as other investors.
"The entry of new shareholders and the deconsolidation of AccorInvest will provide AccorHotels with substantial leeway to enhance our dynamic growth and innovation strategy and create value for shareholders," said Sebastien Bazin, Accor's chairman and CEO.
The deal, which is subject to antitrust and regulatory approvals, is expected to be finalized in the second quarter of 2018, Accor said.
Write to Euan Conley at euan.conley@dowjones.com
(END) Dow Jones Newswires
February 27, 2018 13:05 ET (18:05 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Accor Chart |
1 Month Accor Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
