Accor : Definitive sale of 57.8% in AccorInvest for € 4.6bn
>Definitive sale of 57.8% in AccorInvest for € 4.6bn - Accor has announced the definitive sale of 57.8% of AccorInvest. The buyers remain the sovereign funds Public Investment Fund and GIC, and Colony NorthStar, Crédit Agricole Assurances and Amundi The transaction will bring in € 4.6bn for Accor Hotels (vs € 4.4bn anticipated for 55% as initially projected at end-February). Lastly, Accor Hotels is to deconsolidate the activity as of 1 June 2018. Note that AccorInves...Accord Financial, through its subsidiaries, is engaged in providing asset-based financial services, including factoring, financing, leasing, credit protection and receivables management, to industrial and commercial enterprises, mainly, in Canada and the U.S. Co.'s clients operate in many different industries, including apparel, financial and professional services, leasing, manufacturing, wholesale and distribution, transportation, chemicals, electronics, oilfield services, telecommunications, textiles, furniture, sporting goods, footwear, floor coverings, printing and industrial products. In addition, through Varion Capital Corp., Co. is involved in equipment financing businesses.
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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