May 07
The Accor Board of Directors has noted the disclosure by Colony and Eurazeo that, acting in concert, they have raised their interest in the Company to 17.52% of outstanding shares and 15.71% of voting rights and intend eventually to increase this stake to up to 30%. The Board feels that this initiative confirms Accor’s favorable growth potential.
author Gareth Powell, source www.hotelsmag.com
