ACCOR TO SELL MAJORITY STAKE IN ACCORINVEST  

Accor has announced the partial sale (55%) of its real estate arm AccorInvest, in a deal valued at €4.4 billion, to a consortium of investors composed of sovereign funds and institutional investors, including Saudi Arabia’s Public Investments, Singapore’s GIC, Colony Northstar, Amundi and Credit Agricole Assurances. Accor will return €1.35 billion to shareholders and will use the rest of the cash proceeds for strategic acquisitions and improving the quality of its portfolio. 

Back