© Reuters. FILE PHOTO: The logo of French hotel operator AccorHotels is seen on top of the building company’s headquarters in Issy-les-Moulineaux near Paris, France, May 27, 2020. REUTERS/Charles Platiau/File Photo
(Reuters) – Europe’s biggest hotel group Accor (EPA:) announced on Friday it has entered exclusive negotiations with Andera Partners and partner investors to acquire a 63% stake in Potel & Chabot and become the sole shareholder of the company.
The transaction is expected to be completed in autumn, Accor said in a statement.
Following this transaction, Potel & Chabot will be consolidated within Accor’s Luxury & Lifestyle Division, Accor added.
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