FdM, Credit Agricole close EUR 170m Campanile hotel deal

By A staff reporter 2011-06-01T00:00:00

An 80/20 joint venture of Crédit Agricole Assurances' Predica and Pacifica insurance units and Foncière des Murs (FdM) has finalised the purchase of a portfolio of 32 Campanile hotels from the Louvre Hôtels group for just over EUR 170 mln.

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