Saudi, Singapore SWFs close €4.6b AccorInvest buy

Sovereign wealth funds, Singapore's GIC and Saudi Arabia's PIF have joined forces with French investors Credit Agricole Assurances and Amundi as well as US asset manager Colony NorthStar to take a 57.8% stake in AccorInvest, the hotel ownership division of French hospitality giant AccorHotels, for €4.6 bn.

Premium subscriber content – please log in to read more or take a free trial.


Latest news

Best read stories