Wealth Funds Participate in Buyout of AccorInvest

Posted on 02/28/2018

After much negotiating, Paris-based AccorHotels would initially sell 55% of AccorInvest to Singapore’s GIC Private Limited, Saudi Arabia’s Public Investment Fund (PIF), Credit Agricole Assurances, Colony NorthStar and Amundi, and other investors for a result in a cash contribution of €4.4 billion (US$ 5.4 billion). The seller is parent company Accor SA which seeks to […]