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AccorHotels lobs $1.2 billion offer for Mantra Group

People & Companies / Latest News

Australia

Oct 09 2017

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Carolyn Cummins, The Sydney Morning Herald

The Australian hotel sector is set for a shake-up with the giant, French-based Accor hotel group, making a non-binding $1.2 billion takeover offer for Mantra Group, Australia's second-largest hotel operator in the small to medium asset sector.

Its ends speculation that Mantra is in play, which started in March, when there was a run on its shares.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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