AccorHotels cleared to proceed with Mantra acquisition.
The Australian Competition & Consumer Commission (ACCC) has announced it will not oppose the planned purchase of Mantra Group by AccorHotels, citing sufficient competition from other hotel groups in the local market.
“The combined Accor-Mantra will still compete with other international and national hotel chains, as well as many independent hotels and accommodation providers,” ACCC chairman Rod Sims said in an announcement this morning.
The decision paves the way for more than 125 Mantra properties in the Asia Pacific region to become part of Accor’s international stable.
See today’s Travel Daily for more.
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Source: traveldaily