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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 signs new 1.2 billion euros banking credit facility
Monday, 2 Jul 2018 01:17am EDT 

July 2 (Reuters) - Accor SA ::* AccorHotels today announced that it has signed an agreement with a consortium of 15 banks for a new €1.2bn Revolving Credit Facility, which margin will be notably dependent on the group’s performance in terms of Environment, Social and Governance (ESG). .* New facility has a five-year tenor with two one-year extension options to be exercised in 2019 and 2020.* It replaces the undrawn €1.8bn facility signed in June 2014, that had been reduced to €1.2bn following the completion of the AccorInvest disposal.* New credit facility will reinforce AccorHotels' liquidity and increase the average maturity of its financial resources .  Full Article

Accorhotels Announces Strategic Partnership With Dalmata Hospitality
Monday, 11 Jun 2018 02:00am EDT 

June 11 (Reuters) - ACCORHOTELS ::ANNOUNCES STRATEGIC PARTNERSHIP WITH DALMATA HOSPITALITY.DALMATA HOSPITALITY WILL PUT 20 OF ITS HOTELS HELD AS FRANCHISES UNDER BRANDS ACCORHOTELS IBIS STYLES, IBIS, IBIS BUDGET AND HOTELF1.  Full Article

Mantra Group Says Acquisition by AAPC Complete
Thursday, 31 May 2018 02:29am EDT 

May 31 (Reuters) - Accor SA ::SCHEME OF ARRANGEMENT UNDER WHICH MANTRA WILL BE ACQUIRED BY AAPC LIMITED HAS BEEN IMPLEMENTED.  Full Article

AccorHotels completes previously announced acquisition of Mantra Group
Thursday, 31 May 2018 02:00am EDT 

May 31 (Reuters) - Accor SA ::* Scheme of arrangement with Mantra Group has been implemented.* Total consideration for the transaction was AU$1.3bn .* AccorHotels is now the only shareholder in Mantra .  Full Article

AccorHotels CEO sees no exceptional dividend but acquisitions
Friday, 20 Apr 2018 06:06am EDT 

April 20 (Reuters) - Accor SA CEO Sebastien Bazin tells shareholders when asked about use of 4.4 billion euros in cash generated by sale of 55 pct stake of AccorInvest property businesss::Says best use of cash is making acquisitions, group decided not appropriate to have exceptional dividend.Group has already anounced will return cash to shareholders through 1.35 billion euros in share buybacks, group prefers to reward shareholdrs loyalty.AccorHotels could see its operating profit double as well as its share price double within 5 years .  Full Article

AccorHotels acquires restaurant reservation platform ResDiary
Friday, 6 Apr 2018 12:51pm EDT 

April 9 (Reuters) - Accor SA ::* AccorHotels today announces that it has completed the acquisition of table reservation system, ResDiary..* ResDiary is notably well established in the Asia Pacific region as well as in the UK, and has a footprint in 60 countries globally, seating 166 million diners a year in over 8,600 venues. The company has generated profits for 6 years, adds Accor.  Full Article

Mantra Group Says Federal Court Of Australia Approved Orders To Convene Shareholders' Meeting
Tuesday, 3 Apr 2018 10:39pm EDT 

April 4 (Reuters) - Mantra Group Ltd ::FEDERAL COURT OF AUSTRALIA APPROVED ORDERS TO CONVENE MEETING OF CO'S SHAREHOLDERS TO CONSIDER & VOTE ON SCHEME OF ARRANGEMENT.  Full Article

Eurazeo Says To Sell Entire Stake In Accor SA
Tuesday, 6 Mar 2018 12:37pm EST 

March 6 (Reuters) - Accor SA ::EURAZEO - ANNOUNCES ITS INTENT TO SELL, THROUGH ITS SUBSIDIARY LH 19, ITS ENTIRE STAKE IN ACCOR OF 12,185,303 SHARES REPRESENTING 4.20% OF ACCOR’S SHARE CAPITAL.EURAZEO - SALE BY WAY OF AN ACCELERATED BOOK BUILDING TO INSTITUTIONAL INVESTORS.EURAZEO - PLACEMENT STARTS IMMEDIATELY AND WILL BE MANAGED BY GOLDMAN SACHS INTERNATIONAL ACTING AS BOOKRUNNER.EURAZEO - FOLLOWING COMPLETION OF THE PLACEMENT, EURAZEO WILL CEASE TO HOLD ANY SHARES IN ACCOR EITHER DIRECTLY OR INDIRECTLY.  Full Article

Bookrunner Annouces Placing Of 12.2 Mln Shares In Accorhotels
Tuesday, 6 Mar 2018 11:59am EST 

March 6 (Reuters) - BOOKRUNNER::BLOCK TRADE - ACCORHOTELS - BOOKRUNNER SAYS ACCELERATED BOOKBUILT OFFERING OF 12,185,303 SHARES OF ACCOR SA‍​.BLOCK TRADE - ACCORHOTELS - BOOKRUNNER SAYS PLACING SHARES REPRESENTING ABOUT 556 MILLION EUROS BASED ON THE CLOSING PRICE OF €45.64 ON MARCH 6.  Full Article

AccorHotels to adjust dividend policy after AccorInvest deal
Wednesday, 21 Feb 2018 04:10am EST 

Feb 21 (Reuters) - AccorHotels CFO Jean-Jacques Morin tells a news conference::CFO SAYS GROUP WILL PROBABLY HAVE A COMMON DIVIDEND POLICY AND AN EXTRAORDINARY DIVIDEND POLICY.CEO SAYS SEALING ACCORINVEST PROPERTY DEAL IS "A MATTER OF WEEKS".  Full Article

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AccorHotels raises earnings guidance after sales uplift

PARIS AccorHotels , Europe's largest hotel group, made a slight upward revision to its full-year profit guidance as it reported higher third-quarter sales.