AccorHotels has completed the sale of 57.8 percent of AccorInvest’s capital to Public Investment Fund (PIF) and GIC, institutional investors Colony NorthStar, Crédit Agricole Assurances and Amundi, as well as other private investors. For AccorHotels, the transaction results in a cash inflow of €4.6 billion ($5.4 billion). The proceeds are slightly above the €4.4 billion ($5.2 billion) announced in February, in line with the ultimately higher share of investments sold.
AccorHotels will therefore hold 42.2 percent of the capital of AccorInvest in the future, which will no longer be included in the consolidated financial statements of the group as of June 1, 2018. As part of the transaction, AccorHotels and AccorInvest have secured long-term partnership agreements to ensure that their long-standing, close partnership continues.
“With the completion of the sale of nearly 5
