Accor's acquisition of Australia's Mantra clears final hurdle, as court approves the deal
( May 23, 2018, 07:00 GMT | Official Statement) -- MLex Summary: The Federal Court of Australia has cleared the acquisition of Australian hotel chain Mantra Group by AACP limited, a subsidiary of France-based Accor. The clearance, and its subsequent lodging with the Australian Securities and Investments Commission, means the acquisition is now legally effective and trading in Mantra shares on the Australian Securities Exchange has ceased. The court's green light was communicated to the ASX by Mantra.Mantra Group's statement to the ASX is attached. ...
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