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Accor SA (ACCP.PA)

ACCP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Accor confirms FY 2015 EBIT guidance in line with analysts' estimates
Wednesday, 2 Dec 2015 03:50am EST 

Accor SA:Confirms full-year 2015 EBIT target of 655-675 million euros.FY 2015 EBIT: 662.95 million euros - Thomson Reuters I/B/E/S.  Full Article

Fonciere des Regions renews its partnership with Accorhotels ( Accor )
Friday, 16 Oct 2015 01:00am EDT 

Fonciere des Regions SA:Renews its partnership with AccorHotels.The agreement concluded between Foncière des Régions and Accorhotels has two real estate components.The first is the extension of the term of 80 hotel leases (initially expiring in 2017 and 2018) for a further period of 12 years on the same rental terms.Has also undertaken to sell to Hotelinvest, a subsidiary of Accorhotels, a portfolio of 43 hotels for 281 million euros, or about 20 percent of the group share of the Accor portfolio owned by Foncière des Régions.  Full Article

Accor prices 500 mln euro bond
Thursday, 3 Sep 2015 11:51am EDT 

Accor SA:Sets the terms of an 8 year bond issue for an amount of 500 million euros with an annual coupon of 2.375 pct.  Full Article

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AccorHotels beats profit expectations, ex-president Sarkozy joins board

PARIS AccorHotels , Europe's largest hotelier, posted a record operating profit for 2016, which beat expectations, as restructuring efforts paid off and robust demand in Germany and Britain offset weakness in France.