Accor reaches deal to buy Mantra
Paris / Melbourne – 12 October 2017 –
France’s AccorHotels has reached a deal to buy Australian hotel operator Mantra for 900 million euros (US$1 billion), in a move that will strengthen its long-term grown in the Asia Pacific region.
The agreement, yet to be approved by Mantra shareholders, will see the Australian operator’s shares sold at A$3.96 each, AccorHotels said in a statement.
“AccorHotels will pay A$1.3 billion, equivalent to 0.9 billion” euros, the French hotel giant said.
Mantra put the figure at slightly lower – A$1.25 billion, including … Read More