|Bid||38.00 x 10000|
|Ask||38.65 x 22600|
|Day's Range||45.97 - 46.54|
|52 Week Range||37.26 - 48.38|
|PE Ratio (TTM)||33.17|
|Forward Dividend & Yield||1.05 (2.27%)|
|1y Target Est||N/A|
Feb.22 -- Accor Chairman and CEO Sebastien Bazin discusses expansion plans and performance of the company. He speaks on "Bloomberg Daybreak: Europe."
Nicolas Sarkozy , the former president of France, was taken into police custody on Tuesday in connection with a probe into the financing of his successful 2007 presidential run, according to a person close ...
The world’s biggest hotel companies are in the midst of rapid expansion as an industry boom has lasted far longer than many had predicted, bolstered by record demand from travellers. From budget to boutique ...
French private equity company Eurazeo said on Tuesday it was selling its remaining 4.20 percent stake in AccorHotels to institutional investors. The sale through an accelerated book building will be managed by Goldman Sachs International acting as bookrunner, it said. Based on the AccorHotels' closing price of 45.64 euros on March 6, the 12,185,303 shares were worth 556 million euros ($689.00 million).
Shares in AccorHotels fell on Wednesday as some analysts expressed disappointment over the terms of the 4.4 billion euros (£3.9 billion) sale of 55 percent of the company's AccorInvest property business. Accor announced late on Tuesday the plans to sell the majority holding to investors including Saudia Arabia's PIF and Singapore's GIC sovereign funds, as well as Credit Agricole Assurances, Colony NorthStar and Amundi. Analysts at Berenberg said some investors might have felt a bit letdown by the price, although any such disappointment on that front would be offset by Accor's plans for a share buyback.
(Adds Comcast, AccorHotels, POSCO, Kushner Cos, Bayer, Crispian, Embraer, ScotiaMocatta, Exxon, Alibaba, Blackstone' Yunnan Aluminium; Updates Qualcomm) Feb 27 (Reuters) - The following bids, mergers, ...
French hotel group AccorHotels (ACCP.PA) said on Tuesday it had agreed to sell 55 percent of its AccorInvest property business to a group of sovereign and institutional investors for 4.4 billion euros ($5.3 billion). The company announced plans to sell the majority holding to investors including Saudia Arabia's PIF and Singapore's GIC sovereign funds, as well as Credit Agricole Assurances (CAGR.PA), Colony NorthStar and Amundi (AMUN.PA). Paris-based AccorHotels, which has more than 4,000 hotels ranging from luxury Sofitels to the budget Ibis brand, has said the stake sale will give it greater financial leeway to accelerate growth and fight the rising challenges from companies such as Airbnb and online travel agents.
Accor SA plans to buy back as much as 1.35 billion euros ($1.65 billion) of shares over the next two years after the hotel operator agreed to sell a majority stake in its property business.
Accor Chairman and CEO Sebastien Bazin discusses expansion plans and performance of the company. He speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)
AccorHotels' long-delayed sale of a stake in its property business is in its final stages, Europe's largest hotel company said on Wednesday, after reporting record 2017 earnings. The French group, with more than 4,000 hotels ranging from luxury Sofitels to the budget Ibis brand, also expressed confidence over prospects for this year and over potential returns to investors once the property deal is sealed. AccorHotels has said the stake sale, now delayed by more than six months, will give it greater financial leeway to accelerate growth and fight the rising challenges from companies such as Airbnb and online travel agents.
Saudi Arabia’s sovereign wealth fund is in talks to buy a 15 percent stake in Accor SA’s property business in a transaction that could value the unit at about 6.2 billion euros ($7.64 billion), according ...
Europe should to be more united in protecting strategic assets from foreign takeovers if it wants Beijing's respect, French President Emmanuel Macron said on Wednesday as he wrapped up a visit to China that brought no eye-catching trade deals. As president, Macron has pushed for the EU to screen foreign investments in its strategic sectors and, signalling French annoyance at China's reluctance to open some of its domestic markets, that issue has been a focal point of the three-day visit.
BRUSSELS, Dec 21 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- French aerospace group Safran to ...
Short-term rental website Airbnb, which has been challenging traditional hotel operators such as Accor and Marriott, said it would automatically cap the number of days its hosts can rent their property each year in central Paris. The decision, which goes into effect in January and mirrors initiatives already in place in London and Amsterdam, will force hosts to effectively comply with France's official limit on short-term rentals of 120 days a year for a main residence. Airbnb and other rental platforms have also been criticised for driving up property prices and contributing to a housing shortage in some cities such as Paris or Berlin.
AccorHotels, Europe's largest hotel group, said on Thursday it would pull the plug on an online service that enables independent hotels to offer rooms on its booking website because the scheme had failed to meet expectations. The decision is a setback for Chief Executive Sebastien Bazin, who launched the initiative in 2015 to fight online travel agents such as Expedia and Booking.com that have been accused of hitting the margins of traditional hoteliers. "The group has decided to stop marketing independent hotels on its website by end-2017 as the results were mixed," a spokeswoman for AccorHotels said, confirming a report from L'Echo Touristique magazine.
Billionaire Saudi Prince Alwaleed bin Talal, who owns investment firm Kingdom Holding, expressed skepticism about cryptocurrencies in an interview with CNBC on Monday, warning that bitcoin was like "Enron in the making". Prince Alwaleed, whose company invests in major U.S. companies such as Citigroup and Twitter, said a lack of regulation made such cryptocurrencies risky. It's Enron in the making," he said, referring to the U.S. energy company that filed for bankruptcy in 2001 after revelations of a widespread accounting fraud.