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Accor Increases at 49% its Stake in Groupe Lucien Barriere.

Publication: PR Newswire
Publication Date: 31-MAR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PARIS, March 31 /PRNewswire-FirstCall/ -- Under the agreements signed in January 2004 between Colony Capital, the Desseigne Barriere family and Accor, Colony Capital had an option to sell Accor its 15% stake in Groupe Lucien Barriere SAS, at a price determined by five independent banks.

In November 2008, Colony...



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