Accor aims to raise funds by selling stake in Lucien Barriere

09/17/2010 | Bloomberg · Wall Street Journal, The

Europe's biggest hotelier, Accor, is striving to raise up to $449 million by selling its 49% stake in the casino operator Groupe Lucien Barriere. The initial public offering could be the largest in France this year. Accor plans to shift its focus on its main lodging business. "This disposal is in line with Accor's strategy to refocus on its hospitality business," Accor said.

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Bloomberg · Wall Street Journal, The

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