Accor today announces it has agreed to sell a 5.2% stake in AccorInvest to several existing shareholders of the company, for 204 million euros. This amount represents a 12.9% increase in value compared with the initial sale completed in 2018, reflecting the positive effect from the transformation initiated by the leading hotel owner in Europe.
At closing, which is expected by the end of the current fiscal year subject to approval by competent competition authorities, Accor will retain a 30% stake in AccorInvest’s share capital, i.e. the lock-up level agreed in 2018 with the initial sale of AccorInvest, and that ends in May 2023.
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