LVMH: finalises acquisition of Belmond
(CercleFinance.com) - LVMH announces that it has received approval for the acquisition of Belmond Ltd by all the relevant competition authorities, a transaction that will therefore be definitively completed on 17 April.
For the record, in December 2018 the French luxury giant announced the acquisition of this group, which owns or operates 46 hotels, trains and river cruises, for an equity value of 2.6 billion dollars and an enterprise value of 3.2 billion dollars.
Founded over 40 years ago with the acquisition of the Cipriani Hotel in Venice, Belmond is present in 24 countries. For the 12 months to the end-September 2018, its sales reached 572 million dollars, while adjusted EBITDA was 140 million dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
For the record, in December 2018 the French luxury giant announced the acquisition of this group, which owns or operates 46 hotels, trains and river cruises, for an equity value of 2.6 billion dollars and an enterprise value of 3.2 billion dollars.
Founded over 40 years ago with the acquisition of the Cipriani Hotel in Venice, Belmond is present in 24 countries. For the 12 months to the end-September 2018, its sales reached 572 million dollars, while adjusted EBITDA was 140 million dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.