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Provider: Reuters Investment Profile
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Accor SA sells participation in Reef Casino in Australia


Sunday, 23 Feb 2014 07:00pm EST 

Accor SA:Sells participation in Reef Casino in Australia.Participation includes a 29 pct stake in Reef Casino Trust (RCT), as well as its 50 pct stake in related businesses of RCT, i.e. Casinos Austria Cairns, and Reef Corporate Service.Total proceeds will amount to A$85m (around 55.5 million euros).Agreement is submitted to 90 pct acceptance for the IPO of RCT. 

Company Quote

2.77
-1.24 -30.92%
24 Nov 2014