Saudi wealth fund, GIC said to eye stake in Accor’s property unit

AccorHotels
Photo: AccorHotels website

Saudi Arabia’s sovereign wealth fund is in talks to buy a 15 percent stake in Accor SA’s property business in a transaction that could value the unit at about 6.2 billion euros ($7.64 billion), according to people familiar with the matter.

Continue reading this story with a subscription to DealStreetAsia.

Subscribe