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BRIEF-AccorHotels signs agreement to buy Mantra Group Limited

Published 12/10/2017, 11:20 am
Updated 12/10/2017, 11:30 am
© Reuters.  BRIEF-AccorHotels signs agreement to buy Mantra Group Limited
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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 Further company coverage: ACCP.PA

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