The Australian Competition & Consumer Commission (ACCC) will review French hotelier Accor’s proposed takeover of the Mantra Group that would combine the country’s two top hotel operators.
The AU$1.2 billion (US$920 million) takeover of Mantra, which runs Peppers, Mantra and BreakFree properties, would give Accor, best known for brands such as Sofitel and Novotel, a dominant position in some Queensland markets.
The competition regulator said on October 9 that if a proposed transaction was agreed, “the ACCC would then determine if a public review was required.”
“If the ACCC decides to conduct a public review, details will be made available on our mergers register,” the regulator said.
Full Content: The Australian
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