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French giant AccorHotels’ proposed A$1.2bn (NZ$1.3bn) takeover of Australia’s Mantra Group looks set to go ahead creating a 50,000 room behemoth in the Asia Pacific room.
The Commerce Commission could investigate French giant AccorHotel’s proposed A$1.2bn (NZ$1.3bn) takeover of Australia’s Mantra Group if the deal substantially reduces competition in the New Zealand hotel operator market.
Europe’s largest hotel group, Accor, has made a US$930m (NZ$1.3bn) bid for Australia’s Mantra Group, which could see a number of New Zealand assets change hands.
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