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Accor SA (ACCP.PA)

ACCP.PA on Paris Stock Exchange

34.78EUR
9 Dec 2016
Change (% chg)

€-0.05 (-0.16%)
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€34.84
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€34.44
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€42.39
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Latest Key Developments (Source: Significant Developments)

​Banyan Tree and AccorHotels announce strategic partnership
Thursday, 8 Dec 2016 03:58am EST 

Accor SA : Reported on Wednesday Banyan Tree Holdings announced that it has entered into a heads of agreement with AccorHotels . Under a long-term partnership, both parties intend to collaborate to develop and manage Banyan Tree branded hotels around the world . Will invest an initial sum of SGD 24 million, approximately 16 million euros ($17.24 million) . This investment will be made through a mandatory convertible debenture that at conversion will give AccorHotels an approximately 5 pct stake in Banyan Tree .AccorHotels has an option to purchase an additional approximately 5 pct stake.  Full Article

Accor says assets of separate hotelinvest worth Eur 6.5 bln
Wednesday, 5 Oct 2016 03:04am EDT 

Accor Sa :Says assets of the separate subsidiary hotelinvest estimated to be worth 6.5 billion euros.  Full Article

AccorHotels sees Brexit impact on H2 profit
Wednesday, 27 Jul 2016 12:36pm EDT 

AccorHotels Chief Financial Officer Jean-Jacques Morin tells a conference call: Expects British pound decline tied to Brexit to cost group 10-15 million euros in H2 profits - CFO .Brexit could however lead to stronger than expected activity in Britain for AccorHotels - CFO.  Full Article

Accorhotels to acquire John Paul
Wednesday, 27 Jul 2016 01:45am EDT 

Accor SA : AccorHotels to acquire John Paul, world leader in the concierge market; . Co's enterprise value should be close to 150 million dollars . Should acquire about 80 pct of John Paul, the remaining stake being kept by David Amsellem, the founder of the company, who will remain CEO Further company coverage: [ACCP.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

AccorHotels CEO does not expect to list HotelInvest in next 5 years
Tuesday, 12 Jul 2016 12:36pm EDT 

AccorHotels CEO Sebastien Bazin tells a conference call:Does not expect to list HotelInvest unit in next 5 years.  Full Article

Accorhotels shareholders approve FRHI Holdings acquisition
Tuesday, 12 Jul 2016 04:57am EDT 

AccorHotels Shareholders meeting : Shareholders approve FRHI holdings acquisition .Value of deal retained $2.7 billion based on Accorhotels closing share price on july 11 versus $2.9 billion when deal announced in december.  Full Article

AccorHotels CEO says talks with China Jin Jiang continuing
Tuesday, 12 Jul 2016 04:42am EDT 

Accorhotels CEO Sebastien Bazn tells shareholders: Talks with china jin jiang continuing, right solution not found yet - CEO .AccorHotels has been seeking to limit Jing Jiang's push to expand its stake in AccorHotels beyond 15 pct..  Full Article

Accor Hotels acquires 49 pct stake in Squarebreak
Thursday, 18 Feb 2016 01:00am EST 

Accor SA:Acquires a 49 pct stake in Squarebreak.Squarebreak is a French start-up which area of expertise is worry-free propositions to guests and homeowners.  Full Article

Eurazeo Patrimoine in negotiations with Accor Hotels to acquire portfolio of 85 hotels
Wednesday, 27 Jan 2016 11:45am EST 

Eurazeo SA:Eurazeo Patrimoine in exclusive negotiations to acquire a portfolio of 85 hotels and create a dedicated hotel platform.Eurazeo and Accorhotels would hold stakes of 70 pct and 30 pct, respectively‍​.The transaction represents an asset value of 504 million euro and an equity investment of approximately 150 million euro for Eurazeo Patrimoine.  Full Article

Accor Hotels in deal to buy FRHI Holdings Ltd
Wednesday, 9 Dec 2015 11:50am EST 

Accor SA:Acccorhotels says Accorhotels to acquire three iconic hotel brands - Fairmont, Raffles and Swissôtel.Acccorhotels says will pay for the acquisition by issuing 46.7 million new Accor shares and a cash payment of $840 million.Acccorhotels says Qatar Investment Authority and Kingdom Holding Company of Saudi Arabia to become major shareholders, with 10.5% and 5.8% of the share capital respectively.Acccorhotels says transaction will be accretive to earnings per share from the second year with 65 million euros in revenue and cost synergies identified in the medium term.  Full Article

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AccorHotels strengthens luxury hotels portfolio with Banyan Tree deal

PARIS AccorHotels has bought an initial five percent stake in Singapore's Banyan Tree Holdings as part of Accor's current strategy to strengthen its luxury hotels portfolio to give a boost to its earnings.