Yesterday, BlackRock crossed the threshold of 5% of Accor's capital following an off-market acquisition of shares and an increase in the number of shares held as collateral.
The world's leading asset manager held 13,144,921 shares representing the same number of voting rights, i.e. 5.39% of the capital and 4.70% of the voting rights.
This threshold crossing comes after BlackRock had declared yesterday that, on November 29, it had fallen below the threshold of 5% of the hotel group's capital to 4.80% of capital and 4.18% of voting rights, following a reduction in the number of shares held as collateral.
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Accor is the No. 1 European hotel group. Net sales break down by activity as follows:
- operating hotels under management contract (74.7%; HotelServices);
- owned and leased hotel management (25.3%). In addition, the group offers a business of renting luxury private residences, as well as providing digital services to independent hoteliers, concierge services, etc.
At the end of 2023, the group operates a network of 5,584 hotels (821,518 rooms) distributed primerly between luxury and top-range hotels (978 hotels; Raffles, Fairmont, Sofitel, Pullman, MGallery, Swissotel, Grand Mercure, Mövenpick, The Sebel and Rixos names), mid-range hotels (1,732; Novotel, Novotel Suites, Mercure, adagio, Mama Shlter and Tribe), and economy hotels (2,826; ibis, ibis Styles, ibis budget, adagio access, hotelF1, Formule 1, Jo&Joe, Breakfree and Greet).