Accor : Road show feedback (London): the road to simplification of the business as an asset light pure player continues
>Sale process for the asset heavy scope in progress - Accor is currently in the process of selling Orbis’ leased / directly-owned assets, which could raise around € 800m. The group aims to complete this sale by H1 2020.  A similar process is also underway with the heavy assets of Mantra and Movenpick, which could bring in € 100-200m by H1 2020. Following these disposals, Accor should become around 100% asset light (franchise and management agreements), like its US ri...Accor is a hotel operator. Co. offers its guests and partners the expertise of a hotel operator and brand franchisor (HotelServices) and a hotel owner and investor (HotelInvest). Co. divides its activities into three segments: Luxury-upscale, Midscale and Economy. Luxury-upscale makes up 11% of Co.'s portfolio and comprises brands such as Sofitel, Pullman, MGallery, and Grand Mercure; Midscale makes up 43% of its portfolio and comprises the Novotel, Suite Novotel, Mercure and Adagio brands; and Economy makes up 46% the Co.'s portfolio, comprising the brands ibis, ibis Styles, ibis budget and hotelF1. At Dec 31 2013 Co. operated around 3,600 hotels and 460,000 rooms in 92 countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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