Mantra takeover by Accor given the go-ahead by ACCC

Mantra takeover by Accor given the go-ahead by ACCC

The competition watchdog has given the green light for the proposed $1.2 billion acquisition of Mantra Group Limited (ASX: MTR) by French giant Accor.

Accor made its bid for Mantra last October, which was unanimously accepted by the Mantra board three days later, however the planned deal has been subject to approval by the Australian Competition and Consumer Commission (ACCC).























Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

SMEs urged to consider business insurance to mitigate financial risks
Partner Content
A single “bad luck” incident could cause financial disaster for many Australian sma...
Advertisement

Related Stories

Resimac steps up diversification push after snaring Westpac’s $1.6b auto loan portfolio

Resimac steps up diversification push after snaring Westpac’s $1.6b auto loan portfolio

Non-bank lender Resimac Group (ASX: RMC) has bought Westpac’s...

Dexus partners with Marquette Properties to revamp Brisbane office tower into $500m student dorm

Dexus partners with Marquette Properties to revamp Brisbane office tower into $500m student dorm

Listed property group Dexus (ASX: DXS) is partnering with Marquette...

The Water and Carbon Group raises $14.5m to tackle ‘forever chemicals’ waste in US

The Water and Carbon Group raises $14.5m to tackle ‘forever chemicals’ waste in US

The Water and Carbon Group, a Brisbane-based environmental engineer...

Cauldron Ferm gets government backing for industry-first biomanufacturing facility at Mackay

Cauldron Ferm gets government backing for industry-first biomanufacturing facility at Mackay

Cauldron Ferm, a next-generation biomanufacturer based in regional ...