Accor to divest around 5% stake in Chinese hotel operator Huazhu for $451m

Accor to divest around 5% stake in Chinese hotel operator Huazhu for $451m

Photo: Reuters

Accor, the largest hotels group in Europe, has entered into an agreement to offload about 5 per cent stake in Chinese hotel operator and franchisor Huazhu Group Limited for $451 million.

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