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Accor SA (ACCP.PA)

ACCP.PA on Paris Stock Exchange

21 Oct 2016
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€-0.05 (-0.16%)
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Latest Key Developments (Source: Significant Developments)

Accorhotels eyes slight improvement of the trend in France in Q4
Tuesday, 18 Oct 2016 12:32pm EDT 

Accorhotels CFO Jean-Jacques Morin tells a conference call: Expects a slight improvement of the trend in France in Q4 .Q4 should benefit from more favourable year-ago comparables and business fairs such as the Paris Motor show..  Full Article

AccorHotels CEO says no news yet on Jin Jiang situation
Wednesday, 5 Oct 2016 02:38am EDT 

Accorhotels CEO Sebastien Bazin tells reporters ahead of the group's Investor Day: Digital plan will allow AccorHotels to triple group business volume within 3-4 years . AccorHotels ceo says "not worried" about future of France as a tourist destination but safety issues must be addressed . Accorhotels ceo says luxury sector to contribute over 50 percent to hotelservices division result by 2020 thanks to FRHI acquisition .Accorhotels CEO says nothing new on jin jiang situation, will see jin jiang representatives next week. Jin Jian is the top AccorHotels shareholder with 12.6 percent stake. AccorHotels has been trying to limit a push by Jin Jiang to increase its stake in the company.  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

UPDATE 1-AccorHotels says attacks hit France in Q3; weak post-Brexit pound boosts UK

PARIS, Oct 18 AccorHotels, Europe's top hotels group, cut back the upper end of its 2016 profit target range on Tuesday after French and Belgian operations were hit by security fears in the third quarter.