Mantra

12th March 2018 ACCC / Accor / Mantra

$1.3bn takeover to create Australasia’s largest hotel group gets go ahead

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.

13th October 2017 Accor / Mantra

ComCom prepared to investigate Accor’s $1.3bn Mantra acquisition

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.

10th October 2017 Accor / Mantra / New Hotel

Accor in $1.3bn bid to create Australasia’s largest hotel group

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.