Articles tagged “mantra”

AccorHotels to Fund Acquisitions With Sale of Property Unit for $5.4 Billion

AccorHotels to Fund Acquisitions With Sale of Property Unit for $5.4 Billion

Sharon Smyth, Bloomberg

While the deal has been flagged for months, it is an important step in the evolution of the company. Of much bigger interest is what Accor decides to do with the proceeds. A decent amount will be spent on share buybacks but with a multi-billion dollar warchest, we can also expect plenty of acquisitions.

2 years ago