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Accor sells stake in casino operator Barrière for €268m

13th January 2011 9:10 am GMT

Leading hotel operator Accor has agreed to sell its 49 per cent stake in French casino operator Groupe Lucien Barrière for a total consideration of €268m, having confirmed its intent to sell its stake following the cancellation of Barrière’s proposed IPO last September.

Accor has signed an agreement with Fimalac and Groupe Lucien Barrière for the sale of its stake.

Under the terms of the agreement, Accor will sell a 34 per cent interest in Barrière to [...]

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