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GIC, global investors to take 4.4b euro majority stake in AccorInvest

Global investors include Saudi Public Investment Fund, Credit Agricole Assurances, Colony NorthStar, Amundi

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Mr Bazin says: "The entry of new shareholders and the deconsolidation of AccorInvest will provide AccorHotels with substantial leeway to enhance our dynamic growth and innovation strategy, and create value for shareholders."

Singapore

SINGAPORE's sovereign wealth fund GIC, along with a group of international investors, have signed an agreement to acquire a 55 per cent stake in AccorHotels' property business arm, AccorInvest.

The majority stake will be sold by the French hotel chain to investors

sentifi.com

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