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Accor Group signs deal for €975 mln for 30.7% stake in Essendi
21:30
Accor has signed a binding agreement to sell its approximately 30.7% stake in Essendi, formerly AccorInvest, to a consortium of Blackstone and Colony IM for about €975 mln. The buyers will pay roughly €675 million when the deal closes, with up to €300 mln in additional performance-based consideration.
Essendi’s hotels will continue operating under…
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