AccorHotels: acquisition of 100% of Mantra's capital.
(CercleFinance.com) - The group will offer 3.
96 Australian dollars (c. 2.6 euros) in cash per Mantra share, including any exceptional dividends.
Mantra is one of the largest Australian hotel distributors and operators, operating 127 establishments that represent over 20,000 hotel bedrooms, hotel or apartment complexes in Australia, New Zealand, Indonesia and Hawaii.
Sébastien Bazin, Chairman and CEO of AccorHotels, said that this transaction will strengthen the group's growth in the Asia-Pacific region over the long term. Mantra's portfolio will enable AccorHotels to access new forms of accommodation, a new clientele, and will also complement the group's already successful hotel offer in Australia.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
96 Australian dollars (c. 2.6 euros) in cash per Mantra share, including any exceptional dividends.
Mantra is one of the largest Australian hotel distributors and operators, operating 127 establishments that represent over 20,000 hotel bedrooms, hotel or apartment complexes in Australia, New Zealand, Indonesia and Hawaii.
Sébastien Bazin, Chairman and CEO of AccorHotels, said that this transaction will strengthen the group's growth in the Asia-Pacific region over the long term. Mantra's portfolio will enable AccorHotels to access new forms of accommodation, a new clientele, and will also complement the group's already successful hotel offer in Australia.
Copyright (c) 2017 CercleFinance.com. All rights reserved.