Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

French giant AccorHotels bids for Australia's Mantra

SHARE:

France's AccorHotels hopes to add Mantra to its portfolio big-name brands including Ibis, Pullman, Novotel and Sofitel.

SYDNEY -  France's AccorHotels has made a Aus$1.17 billion (US$910 million) bid for one of Australia's biggest hotel operators, the Mantra Group, the local company said Monday in a move that sent its share price soaring.

Mantra, which operates more than 20,000 rooms in Australia, New Zealand and Indonesia, said it had received an offer of Aus$3.96 cash per share, valuing the firm at Aus$1.17 billion.

"Mantra has granted Accor access to due diligence to determine if a transaction can be agreed and recommended unanimously by the Mantra board," the Australian-listed company said in a statement.

"The discussions are incomplete and any entry by the parties into binding transaction documents remains subject to a number of conditions."

The conditions include regulatory approval and support for the proposal by the firms' boards.

Shares in Mantra jumped 16.87 percent to Aus$3.78 in afternoon trade.

The Australian company operates a variety of properties, from resorts to serviced apartments under three brands -- Peppers, Mantra and BreakFree -- and has more than 5,500 staff.

Mantra in August reported net profit after tax of Aus$45.6 million for the year to June 30, a 22.7 percent increase from the previous corresponding period.

AccorHotels includes the Sofitel, Pullman, Novotel, Mercure and Ibis chains. It operates 4,200 hotels with 600,000 rooms worldwide.

COMMENTS

Name

Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
ltr
item
Muslim Global: French giant AccorHotels bids for Australia's Mantra
French giant AccorHotels bids for Australia's Mantra
France's AccorHotels has made a Aus$1.17 billion (US$910 million) bid for one of Australia's biggest hotel operators, the Mantra Group, the local company said Monday in a move that sent its share price soaring.
https://3.bp.blogspot.com/-t0zOmD9pvVY/WdsGFxWighI/AAAAAAAAjjQ/a0lA5ClD1TEHNuOAevaepwgldIouHwy-gCLcBGAs/s640/French%2Bgiant%2BAccorHotels%2Bbids%2Bfor%2BAustralia%2527s%2BMantra.jpg
https://3.bp.blogspot.com/-t0zOmD9pvVY/WdsGFxWighI/AAAAAAAAjjQ/a0lA5ClD1TEHNuOAevaepwgldIouHwy-gCLcBGAs/s72-c/French%2Bgiant%2BAccorHotels%2Bbids%2Bfor%2BAustralia%2527s%2BMantra.jpg
Muslim Global
http://www.muslimglobal.com/2017/10/french-giant-accorhotels-bids-for.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/10/french-giant-accorhotels-bids-for.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy