Accor SA (ACCP.PA)
(The following statement was released by the rating agency) PARIS/LONDON, October 18 (Fitch) Accor SA's proposed EUR900 million acquisition of Australian-based hotel group Mantra announced on 12 October 2017 will improve Accor's business profile by strengthening its already leading position in Australia, Fitch Ratings says. We expect leverage to only increase slightly even though the acquisition will be fully funded by debt. Accor's Long-Term Issuer Default rating (IDR) of 'BBB-' has been on Rat
SYDNEY Australia's competition regulator said on Wednesday it will review French hotelier Accor SA's planned $920 million buyout of Australian hotel operator Mantra Group Ltd .
* Analysts expect approval though market has priced in some doubt
SYDNEY, Oct 18 Australia's competition regulator said on Wednesday it will review French hotelier Accor SA's $920 million buyout of Australian hotel operator Mantra Group Ltd.
Oct 12 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
SYDNEY Mantra Group Ltd on Thursday agreed to a A$1.18 billion ($920 million) buyout from French hotel company Accor SA , a deal which will create the biggest hotel group in Australia where tourism is rising sharply.
* Merger needs regulatory, competition approvals (Adds details on Accor and strategy, adds analyst comments)
Oct 12 Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.
* Under terms of agreement AccorHotels would offer AUD3.96 in cash for each Mantra share including any potential special dividend
Oct 12 Mantra Group Ltd on Thursday unanimously approved the bid by France's Accor SA to acquire all the shares of the company at a price of A$3.96 per share, including a potential special dividend.