Under the terms of the agreements, AccorHotels would initially sell 55% of AccorInvest to Sovereign Funds, namely the Public Investment Fund (PIF) and GIC, Institutional Investors, namely Credit Agricole Assurances, Colony NorthStar and Amundi, and other investors. For AccorHotels, the sale would result in a cashcontribution of €4.4 billion.
and innovation strategy and create value for shareholders. For its part, AccorInvest will take advantage of its new powerful shareholders’ support, as well as a strengthened financial structure to execute its roadmap and continue to reinforce its portfolio of assets.”
hotels in the midscale and economy segments. The management contract terms that have been negotiated between the parties are in line with market practices.
Sébastien Bazin, Chairman and CEO, Jean-Jacques Morin, CFO and Sébastien Valentin,
SVP Financial Communication of AccorHotels will be hosting a conference call today at
US : +
Code : 57 54 88 32#
A presentation will be available on the Group’s website: