Investors back Accor deal, says Mantra chief

Original article by Larry Schlesinger
The Australian Financial Review – Page: 34 : 13-Oct-17

Mantra Group shareholders are expected to vote in March 2018 on its proposed merger with Accor by means of a scheme of arrangement. Mantra Group head Bob East says its shareholders are very supportive of the $A1.3 billion merger, which will create an entity with over 300 hotels and around 15 per cent share of the Australian hotels market. The deal will also have to be approved by the Australian Competition & Consumer Commission and the Foreign Investment Review Board.

CORPORATES
MANTRA GROUP LIMITED – ASX MTR, ACCOR SA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIA. DEPT OF THE TREASURY, PEPPERS HOTEL GROUP, BREAKFREE LIMITED, CHOICE HOTELS AUSTRALIA, MFS LIMITED, HIGHBURY PARTNERSHIP PTY LTD, AUSTRALIANSUPER PTY LTD, BT FINANCIAL GROUP PTY LTD, CENTRAL BANK OF NORWAY

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