Australia's competition watchdog ACCC to probe Accor buyout of Mantra GroupStaff Writer | October 18, 2017
Australia's competition regulator said it will review French hotelier Accor SA's $920 million buyout of Australian hotel operator Mantra Group.
Acquisition The second-largest hotelier
The deal, a takeover of Australia's second-largest hotelier by its bigger rival, would create the biggest hotel group in the country, with about 50,000 rooms and roughly 11 percent of the market, according to IBISWorld statistics. ■