<article>Australia&#8217;s competition regulator said on Wednesday it will review French hotelier Accor SA&#8217;s $920 million buyout of Australian hotel operator Mantra Group Ltd.</article>

Australia&#8217;s competition regulator said on Wednesday it will review French hotelier Accor SA&#8217;s $920 million buyout of Australian hotel operator Mantra Group Ltd.
The Australian Competition and Consumer Commission (ACCC) said it is monitoring the transaction and a &#8220;public review will be commenced in due course once certain information is provided by Accor and Mantra&#8221;.
The deal, a takeover of Australia&#8217;s second-largest hotelier by its bigger rival, would create the biggest hotel group in the country, with about 50,000 rooms and roughly 11 percent of the market, according to IBISWorld statistics.
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Reuters

The Australian Competition and Consumer Commission (ACCC) said it is monitoring the transaction and a "public review will be commenced in due course".

Australia: Competition watchdog to probe Accor buyout of Mantra

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Australia: Competition watchdog to probe Accor buyout of Mantra

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