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Orient-Express up for sale - paper

Wed Mar 21, 2007 8:33pm EDT

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LONDON, March 22 (Reuters) - Hotel and leisure group Orient-Express Hotels Ltd. (OEH.N), which operates the luxury train service of the same name, could be sold for more than $3 billion, the Times reported on Thursday without citing sources.

Mergers & Acquisitions

The Bermuda-based company was understood to have received approaches from a number of potential suitors, the newspaper said, adding that U.S. investment bank Merrill Lynch was tipped to be appointed as adviser.

A comment was not immediately available from Orient-Express.

The group owns and operates luxury hotels, tourist trains and cruise ships worldwide, as well as clubs and bars in New York and London.

Mergers & Acquisitions


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