Ac­corHo­tels buys Mantra

Business Events News - - Front Page -

MANTRA Group Lim­ited has an­nounced that is has en­tered into a bind­ing agree­ment with Ac­corHo­tels, which will see the ac­com­mo­da­tion gi­ant ac­quire all the shares of Mantra.

Mantra has now ap­pointed an In­de­pen­dent Ex­pert to de­ter­mine whether the move is in the in­ter­est of share­hold­ers.

If ap­proved, Ac­cor will ac­quire 28 Pep­pers ho­tels, 75 Mantra prop­er­ties and 24 op­er­at­ing un­der the BreakFree brand.

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