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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 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

Accorhotels confirms 2019 breakeven target for New Businesses - CFO
Wednesday, 21 Feb 2018 02:59am EST 

Feb 21 (Reuters) - Accorhotels CFO Jean-Jacques Morin tells a news conference::ACCORHOTELS ITS BREAKEVEN TARGET FOR NEW BUSINESSES IN 2019 - CFO.  Full Article

Accorhotels "confident" over 2018 - CEO
Wednesday, 21 Feb 2018 01:52am EST 

Feb 21 (Reuters) - Accorhotels CEO Sebastien Bazin tells a conference call: :EXPECTS FINALISATION OF MANTRA DEAL DURING Q2 - CEO.CEO SAYS THAT TRENDS SEEN IN 2017 WILL CONTINUE IN 2018, NOTABLY IN ASIA, EUROPE.CEO SAYS SAUDI PRINCE ALWALEED REMAINS GROUP'S THIRD-LARGEST SHAREHOLDER.CEO SAYS "CONFIDENT" OVER 2018.CEO SAYS 2018 WILL PROBABLY BE BETTER IN BRAZIL.  Full Article

ADP And Accorhotels Have Signed Two Building Leases
Thursday, 15 Feb 2018 12:24pm EST 

Feb 15 (Reuters) - Adp ::ADP AND ACCORHOTELS HAVE SIGNED TWO BUILDING LEASES FOR RENOVATION OF MERCURE HOTEL AND ESTABLISHMENT OF A NEW IBIS STYLES HOTEL AT PARIS-ORLY AIRPORT..  Full Article

AccorHotels still eyes deal on property business by year-end-CFO
Thursday, 19 Oct 2017 12:34pm EDT 

Oct 19 (Reuters) - Accorhotels finance head tells a call with journalists::Talks with investors continuing over sale of stake in property unit, still eyes deal by year-end.  Full Article

Deals of the day-Mergers and acquisitions

May 14 The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Monday: