French hotels group sells 1.5% stake in Huazhu Group for 239 mln euros

H World

19/02/2021 07:10

PARIS, Feb 19 (Reuters) - French hotels group Accor
 ACCP.PA  has completed the sale of a 1.5% stake in Huazhu Group
Limited  1179.HK  for 239 million euros ($289 million).
    Accor will own a 3.3% stake in Huazhu following the sale, it
said on Friday, and the two companies will continue to develop
hotels in China.
    ($1 = 0.8271 euros)

 (Reporting by Sudip Kar-Gupta; editing by Jason Neely)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))