Accor: Compass Shares Disposal
08 Marzo 2006 - 1:19AM
PR Newswire (US)
PARIS, March 8 /PRNewswire-FirstCall/ -- Accor (OTC:ACRFF)
announces the divestment of its 1.42% stake in Compass Group PLC.
This stake of 30,706,882 shares was sold on March 7, 2006 for a
total amount of approximately EUR 96 million. Accor no longer holds
shares in Compass. This divestment is in line with Accor's non core
divestment strategy. With 168,000 people in 140 countries, Accor is
the European leader and one of the world's largest groups in
travel, tourism and corporate services, with two major
international activities: - Hotels, with the Sofitel, Novotel,
Mercure, Suitehotel, Ibis, Etap Hotel, Formule 1, Motel 6 and Red
Roof Inns, representing more than 4,000 hotels and 470,000 rooms in
92 countries, as well such strategically related businesses as
restaurants and food services (with Lenotre and other leading
brands), casinos and travel agencies. - Services to corporate
clients and public institutions: 21 million people in 35 countries
use a broad range of services (food vouchers, people care and
services, incentive, loyalty programs) engineered and managed by
Accor Services. Contacts Eliane Rouyer Senior Vice President
Investor Relations and Financial Communication Phone:
+33-(0)1-45-38-86-26 Anthony Pallier Investor Relations Phone:
+33-(0)1-45-38-86-33 For further information about Accor, visit
http://www.accor.com/ DATASOURCE: Accor CONTACT: Eliane Rouyer,
Senior Vice President, Investor Relations and Financial
Communication, Tel: +33-(0)1-45-38-86-26, Anthony Pallier, Investor
Relations, Tel: +33-(0)1-45-38-86-33
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