PropertyEU

AccorHotels acquires Mövenpick group for €482m

By Virna Asara 2018-04-30T00:00:00

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French hospitality giant AccorHotels announced on Monday that it has agreed to acquire Mövenpick Hotels & Resorts from Prince Alwaleed bin Talal’s Kingdom Holding and its partners for a cash amount of CHF 560 mln (€482 mln).

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