PARIS (Reuters) - French casino and hotel company Groupe Lucien Barriere plans to launch its initial public offering (IPO) at the end of June, French website Wansquare said on Wednesday without citing sources.
It said banks Lazard-Natixis, Societe Generale (SOGN.PA) and BNP Paribas (BNPP.PA) were working on the listing that would see French hotel and services group Accor (ACCP.PA) sell part or all of its 49 percent stake in the group.
A spokeswoman at Accor, which wants to separate its hotels from its prepaid vouchers division and list them in July, did not have any comment on the timeline of a possible IPO and at Lucien Barriere no one was available to comment.
Accor Chief Executive Gilles Pelisson said in February the group hoped to sell its stake in Lucien Barriere, possible through an IPO, this year.
Splitting Accor’s hotel division, including luxury brand Sofitel and budget chain Ibis, from its prepaid services that provide luncheon tickets would allow the units to form partnerships. The units would be listed in July after shareholders vote on the one for one share split on June 29.
Groupe Lucien Barriere is 51 percent owned by the Desseigne-Barriere family, which also owns over 70 percent of SFCMC (La Societe Fermiere du Casino Municipal de Cannes).
Groupe Lucien Barriere and SFCMC are regrouped under the Lucien Barriere Hotels and Casinos brand, which has 40 casinos in France and Europe, with a quarter of approved slot machines and half of all gaming tables in the French market, and 16 luxury hotels, according to its website.
Additional reporting by Cyril Altmeyer; editing by Elaine Hardcastle