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Accor — M&A Activity 2011
Aug 2, 2011
1066_iss_2011-08-02_a3a8384a-d77b-49c5-b4b3-ad67b6e8b7fe.pdf
M&A Activity
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Press release Paris – August 2, 2011
Lenôtre Sales Contract Signed
Accor has announced that the contract to sell Lenôtre to Sodexo was signed today, after the favorable opinions issued by the Lenôtre and Accor works councils were received.
The transaction is expected to be completed by the end of September, subject to approval by the competition authorities.
Accor, the world's leading hotel operator and market leader in Europe, is present in 90 countries with 4,200 hotels and more than 500,000 rooms. Accor's broad portfolio of hotel brands - Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, Adagio, ibis, all seasons, Etap Hotel, Formule 1, hotelF1 and Motel 6, and its related activities, Thalassa sea & spa and Lenôtre - provide an extensive offer from luxury to budget.
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With 145,000 employees worldwide, the Group offers to its clients and partners nearly 45 years of knowhow and expertise.
MEDIA RELATIONS INVESTOR RELATIONS CONTACTS Agnès Caradec Senior Vice President Communications & External Relations Phone : +33 1 45 38 87 52
Delphine Dumonceau Phone: +33 1 45 38 84 95 Sébastien Valentin Senior Vice President Financial Communications & Investor Relations Phone: +33 1 45 38 86 25
Olivia Hublot Investor Relations Phone:+33 1 45 38 87 06