Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 10-12-2015 | Practice Area: | Corporate and M&A | ||||||||
| Deal Title: | AccorHotels Acquisition of Fairmont Raffles International | Industry: | Travel & Leisure | ||||||||
| Description: |
Darrois Villey Maillot Brochier advised AccorHotels on the acquisition of 100% of the shares of Fairmont Raffles International. Such shares were sold by by Qatar Investment Authority, Kingdom Holding and Omers.
The agreement with Qatar Investment Authority, Kingdom Holding and Omers provides for a cash payment of USD840 million (EUR768 million at the current exchange rate) and the issuance of 46.7 million Accor shares. Upon completion, Qatar Investment Authority and Kingdom Holdingwill would become shareholders of Accor, holding respectively approximately 10.5% and 5.8% in Accor's share capital.
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| Financial Center: | Paris | Value: | 500.01-1000.00 | ||||||||
| Advised Party: | Acquiror | Law Firm | Darrois Villey Maillot Brochier | ||||||||
| Target Company Jurisdiction: | United Kingdom | Acquiror Jurisdiction: | France | ||||||||
| Classification: |
Strategic Buyer Acquisitions Private Company |
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| Further Information: |
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