|Bid||38.00 x 10000|
|Ask||38.65 x 22600|
|Day's range||41.12 - 42.42|
|52-week range||32.23 - 43.67|
|PE ratio (TTM)||51.24|
|Forward Dividend & Yield||1.18 (2.55%)|
|1y target est||N/A|
Australia's competition regulator said on Wednesday it will review French hotelier Accor SA's (ACCP.PA) planned $920 million buyout of Australian hotel operator Mantra Group Ltd (MTR.AX). The Australian Competition and Consumer Commission (ACCC) said it is monitoring the transaction and a "public review will be commenced in due course once certain information is provided by Accor and Mantra". The deal, a takeover of Australia's second-largest hotelier by its bigger rival, would create the biggest hotel group in the country, with about 50,000 rooms and roughly 11 percent of the market, according to IBISWorld statistics.
Mantra Group Ltd (MTR.AX) on Thursday agreed to a A$1.18 billion (701.45 million pounds)buyout from French hotel company Accor SA (ACCP.PA), a deal which will create the biggest hotel group in Australia where tourism is rising sharply. AccorHotels has been on an acquisition spree that, in part, aims to support chief executive Sebastien Bazin’s goal of adding businesses that can complement its core hotel operations and offer more control of hotel distribution. This latest deal would give the combined group about 50,000 rooms - roughly 11 percent of Australia's hotel market, according to IBISWorld statistics.
Mantra Group said it has agreed to a more than US$900 million cash offer from France’s Accor, bringing together the two largest hotels groups in Australia.
French hotels giant Accor has made a more-than-US$900 million bid for Mantra Group in a deal that would bring together two of the largest lodging providers in Australia.
Shares in Mantra Group (MTR.AU) surged 17% Monday morning after French hotel giant Accor (AC.FR)made a AUD 1.2 billion all cash bid for Australia's second biggest hotel operator . Accor has made an indicative, ...
Accor SA, Europe’s biggest hotel operator, offered to buy Australia’s Mantra Group Ltd. in a deal valuing the hotel and resort company at A$1.2 billion ($930 million).
Accor SA, Europe’s biggest hotel operator, offered to buy Australia’s Mantra Group in a deal valuing the hotel and resort operator at A$1.2 billion ($930 million).
AccorHotels will re-group three of its luxury home-rental divisions under its 'onefinestay' brand, as the French hotelier steps up efforts to counter the challenge of Airbnb and other online booking services. AccorHotels said it would group the Travel Keys and Squarebreak units under the umbrella of the 'onefinestay' brand before the end of the year. The move will allow guests of 'onefinestay' to have access to over 10,000 rental spaces as well as hospitality and concierge services around the world, the company said.
Britain's easyHotel has reached an agreement with developers to open more than 500 rooms in Iran, joining other foreign chains that have moved into the country since the lifting of sanctions. The budget chain, which was launched by easyJet founder Stelios Haji-Ioannou in 2004, now operates in Britain, six other European countries and the United Arab Emirates. "There are a number of hotel companies that are looking to expand into Iran.
Hotels group Best Western is considering options including mergers and acquisitions to keep pace with rival Marriott International (Frankfurt: 913070 - news) , the world's largest hotel chain, the group's chief executive said on Wednesday. "We are thinking about how we can dramatically increase our scale," Best Western CEO David Kong told Reuters in an interview on the sidelines of the ITB travel fair in Berlin.
AccorHotels, Europe's largest hotelier, posted a record operating profit for 2016, which beat expectations, as restructuring efforts paid off and robust demand in Germany and Britain offset weakness in France. Having recruited former French President Nicolas Sarkozy to head its international strategy, AccorHotels said it was moving along with a planned sale of its HotelInvest property business - worth 6.6 billion euros ($6.9 billion) - by mid-July. The sale of a majority stake in that property unit, with AccorHotels likely to retain around 30 percent, will raise cash to fund its expansion and better fight the rising challenges of companies such as Airbnb.
European shares ended a mixed week on a positive note on Friday, helped by well-received company earnings and buoyant economic data, while mining stocks were hit by weaker metal prices. The STOXX 600 closed ...