UPDATE 1-France to grant state-backed loan to AccorInvest, says minister
By Reuters Staff (Adds details, share reaction) PARIS, Jan 26 (Reuters) - France will grant AccorInvest, the real estate arm of hotel group Accor, a 500 million euro state-guaranteed loan to cope with the impact of the coronavirus crisis, Finance Minister Bruno Le Maire said on Tuesday. “We are indeed granting AccorInvest a state-backed loan of half a billion euros ... It is certain. We are finalising this loan today,” Le Maire told Radio Clasique. AccorInvest owns and leases hotels and is only minority-owned by Accor, Europe’s largest hotel group, which operates brands such as Ibis or ...
Source: reuters.com