France's LVMH nears deal to buy Belmond - WSJ
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Dec 13 (Reuters) - France's LVMH Moet Hennessy Louis Vuitton SE is near a deal to buy Belmond Ltd, owner and operator of high-end hotels around the world, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
LVMH would pay $25 per share in cash in a transaction that would value Belmond's equity at about $2.6 billion, the Journal reported https://www.wsj.com/articles/lvmh-close-to-deal-for-hotel-operator-belmond-11544745763. (Reporting by Ismail Shakil in Bengaluru; Editing by Sandra Maler)
