Accor Group announces its definitive exit from AccorInvest
🏦 Jean-Jacques Morin from AccorInvest is set to sell Accor's 31% stake within 18 months as confirmed by Sébastien Bazin during the financial results presentation. AccorInvest has a portfolio of around 700 hotels and the sale is seen as an opportunity after the company's post-COVID revival. The sale proceeds will predominantly benefit shareholders, with a commitment to return approximately €680 million annually and 90% of the proceeds earmarked for dividends or share buybacks. The remaining funds will be used for debt reduction.
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