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Accor SA (ACCP.PA)

ACCP.PA on Paris Stock Exchange

42.26EUR
24 May 2017
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Latest Key Developments (Source: Significant Developments)

AccorHotels to acquire Travel Keys
Monday, 6 Feb 2017 03:24am EST 

Accor SA : Announced on Sunday it has begun exclusive negotiations for the acquisition of 100 pct of Travel Keys . The combination of Travel Keys with onefinestay and Squarebreak will provide AccorHotels with an offering of about 8,500 addresses in the luxury private rental market .The transaction is expected to close in Q2 2017 after customary due diligence.  Full Article

Accorhotels launches bond offering 600 mln euros, 7 year maturity, annual coupon of 1.25 pct
Wednesday, 18 Jan 2017 12:30pm EST 

Accorhotels : Successful launch of a bond offering 600 million euros ($640.74 million), 7 year maturity, annual coupon of 1.25% . The offering was widely over-subscribed .The transaction was completed within a short time, and at a very favorable conditions; based on these elements, the bond was finally raised to 600 million euros.  Full Article

Accorhotels strikes hotel restructuring deal with Abu Dhabi
Wednesday, 21 Dec 2016 11:46am EST 

Accorhotels : Announces deal with Abu Dhabi Investment Authority to restructure portfolio of 31 hotels . To acquire 15 Ibis and Ibis Budget hotels for A$200 mln (137 million euros), new management contracts or extensions on remaining 16 . Says acquisition will contribute to 2017 group EBIT Further company coverage: [ACCP.PA] (Reporting by Laurence Frost) ((laurence.frost@thomsonreuters.com;)).  Full Article

​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

More From Around the Web

Fitch Places Accor on Rating Watch Evolving

(The following statement was released by the rating agency) LONDON, May 24 (Fitch) Fitch has placed Accor SA's (Accor) Long-Term Issuer Default rating (IDR) and senior unsecured rating of 'BBB-' on Rating Watch Evolving (RWE). A full list of rating actions is at the end of this commentary. Turning HotelInvest (HI) into a subsidiary and selling a majority stake will effectively make Accor a truly asset-light hotel operator, generating recurrent management contract and franchise fees. At present,