Accor: Completes 49% Groupe Lucien Barriere Stake Sale For EUR268 Million
March 04 2011 - 12:19PM
Dow Jones News
French hotel group Accor SA's (AC.FR) Friday said it had
completed the sale of its 49% stake in Groupe Lucien Barriere for
EUR268 million.
MAIN FACTS:
- Accor and Groupe Lucien Barriere will continue to deploy
existing synergies in such areas as procurement, Accor said in a
statement.
- With the completion of the transaction, Accor no longer holds
any stake in Groupe Lucien Barriere.
- By Paris Bureau, Dow Jones Newswires; +331-4017-1740;
paris@priority.emea.dowjones.com
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