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Accor SA (ACCP.PA)

ACCP.PA on Paris Stock Exchange

48.02EUR
23 May 2018
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Latest Key Developments (Source: Significant Developments)

Mantra Group Says Federal Court Approves AAPC Ltd's Scheme To Buy Co
Wednesday, 23 May 2018 

May 23 (Reuters) - Mantra Group Ltd ::FEDERAL COURT APPROVES MANTRA SCHEME AND BECOMES EFFECTIVE.FEDERAL COURT OF AUSTRALIA MADE ORDERS APPROVING SCHEME OF ARRANGEMENT UNDER WHICH ALL MANTRA SHARES WILL BE ACQUIRED BY AAPC LIMITED.  Full Article

Mantra Group's Shareholders Vote In Favour Of Acquisition By AAPC Ltd
Friday, 18 May 2018 

May 18 (Reuters) - MANTRA GROUP LTD ::SHAREHOLDERS VOTED IN FAVOUR OF SCHEME OF ARRANGEMENT UNDER WHICH ALL MANTRA SHARES WILL BE ACQUIRED BY AAPC LIMITED.WILL SEEK ORDERS FROM FEDERAL COURT OF AUSTRALIA FOR APPROVAL OF SCHEME AT SECOND COURT HEARING, SCHEDULED FOR 23 MAY 2018.IF COURT APPROVES SCHEME, MANTRA SHARES WILL BE SUSPENDED FROM TRADING WITH EFFECT FROM CLOSE OF TRADING ON ASX ON WED, 23 MAY 2018.  Full Article

AccorHotels buys 50 pct stake in South African conglomerate Mantis Group
Thursday, 5 Apr 2018 

April 5 (Reuters) - Accor SA ::* AccorHotels acquires 50% stake in Mantis Group, the South Africa-based hospitality and travel conglomerate.* Mantis Group runs a collection of award winning, privately owned, managed and branded five star properties and lodges.* Accor/Mantis strategic partnership is accompanied by the launch of Community Conservation Fund Africa (CCFA), a non-profit organization (NGO) which aims to amplify both Groups’ commitment towards preventing the accelerating decline of Africa’s wildlife and bringing together three internationally renowned conservation organizations - Wilderness Foundation, Tusk Trust and African Parks - add the companies.  Full Article

AccorHotels still eyes deal on property business by year-end-CFO
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Accorhotels finance head tells a call with journalists::Talks with investors continuing over sale of stake in property unit, still eyes deal by year-end.  Full Article

AccorHotels signs agreement to buy Mantra Group Limited
Thursday, 12 Oct 2017 

Oct 11 (Reuters) - AccorHotels :‍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​.  Full Article

Mantra Group's board unanimously recommends deal with AccorHotels​
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Mantra Group Ltd :‍Mantra Group's board unanimously recommends scheme of arrangement with AccorHotels​.Under deal, ‍Mantra will have discretion to pay shareholders a special dividend of up to a maximum of 23.5 cents per share​.  Full Article

Mantra Group received indicative proposal from Accor S.A. ‍​
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Mantra Group Ltd ::‍Refers to recent press speculation regarding Mantra Group Limited​.‍Confirms has received indicative & non-binding proposal from Accor S.A. in relation to a potential control transaction​.Deal to be implemented by way of a Mantra scheme of arrangement, at $3.96 cash per share (on a fully diluted basis)​.Has granted Accor access to due diligence to determine if a transaction can be agreed and recommended unanimously by mantra board.​.‍Mantra has retained Highbury Partnership as financial adviser and Baker Mckenzie as legal adviser ​.  Full Article

AccorHotels expects to "accelerate trend" in 2017 - CEO
Wednesday, 22 Feb 2017 

Accorhotels Chief Executive Officer Sebastien Bazin tells a news conference:Expects to "accelerate trend" in 2017 after posting record 2016 Ebit and Ebit margin.  Full Article

Accor says assets of separate hotelinvest worth Eur 6.5 bln
Wednesday, 5 Oct 2016 

Accor Sa :Says assets of the separate subsidiary hotelinvest estimated to be worth 6.5 billion euros.  Full Article

AccorHotels sees Brexit impact on H2 profit
Wednesday, 27 Jul 2016 

AccorHotels Chief Financial Officer Jean-Jacques Morin tells a conference call: Expects British pound decline tied to Brexit to cost group 10-15 million euros in H2 profits - CFO .Brexit could however lead to stronger than expected activity in Britain for AccorHotels - CFO.  Full Article

AccorHotels to decide on Huazhu board seat after Huazhu buys stake in company

PARIS, May 22 AccorHotels said on Tuesday it will decide in the coming weeks whether to grant Huazhu Hotels a board seat after the Chinese hospitality group bought 4.5 percent of its capital.