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AccorHotels signs agreement to buy Mantra Group Limited

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  1. Oct 11 (Reuters) - AccorHotels ACCP.PA

    • Under terms of agreement AccorHotels would offer AUD3.96 in cash for each Mantra share including any potential special dividend
    • AccorHotels signs an agreement to acquire Mantra Group Limited
    • Acquisition will be accretive to earnings per share in first year of ownership pre-synergies
    • AccorHotels will pay AUD1.3 billion
    • AccorHotels confirms it is in discussion with potential investors in relation to sale of part of share capital of AccorInvest
    • Group aims at signing an agreement before year-end 2017
    • AccorHotels confirms it is in discussion with potential investors in relation to sale of part of share capital of AccorInvest

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