ACCC clears Mantra acquisition by Accor

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SUMMARY

08 Mar 2018 - The ACCC has announced today that it will not oppose the proposed acquisition of Mantra Group (ASX:MTR) by Accor Hotels. Accor’s business is mainly focused on hotel-style accommodation. Its brands include Sofitel, Novotel and Ibis. Mantra’s focus is on serviced apartments such as Peppers and Breakfree brands.

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