Dec 16 (Reuters) - Accor SA:
* SALE OF 70% OF MOVENPICK LEASED HOTELS TO HR GROUP
* PORTFOLIO OF 16 LEASED HOTEL ASSETS ACROSS GERMANY, SWITZERLAND AND NETHERLANDS
* TRANSACTION WILL REDUCE ACCOR’S DEBT BY EUR 429 MILLION
* HOTELS TO BE MANAGED BY ACCOR UNDER 20-YEAR CONTRACT
* MOVENPICK SALE CLOSING EXPECTED AROUND THE END OF Q1 2020 Source text: bit.ly/2El2jIA Further company coverage: (Gdansk Newsroom)
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