FIMALAC : Acquisition of stake in Groupe Lucien Barrière completed

04.03.2011 18:00:00 CET

Fimalac Développement, the vehicle for Fimalac's diversified activities, today completed its acquisition of a 34% interest in Groupe Lucien Barrière from Accor, under the terms and conditions announced on January 12, 2011. 

 

In light of the capital reduction carried out simultaneously by Groupe Lucien Barrière by canceling 15% of its own shares, which were acquired from Accor, Fimalac Développement now holds a 40% interest. Representing a total cost of €186 million, the acquisition was paid for with Fimalac's own funds.

 

Paris - March 4, 2011

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