2023-06-30 08:10:52
The Accor group announced, through a press release, that it is selling its shares in the capital of Risma to the Mutris investment fund. It is, within the framework of the implementation of its Asset light strategy, of a 33% participation at the rate of approximately 130 Dhs per share which was sold by the hotel group.
In addition, the press release indicates that this sale will have “no impact on the current contractual agreements between Accor and Risma”. According to Sébastien Bazin, Chairman and CEO of Accor, “Morocco is a wonderful destination and a country endowed with unique assets and an unequaled culture of hospitality. Accor was a pioneer there nearly 30 years ago and we have built strong ties there with leading partners and committed and talented teams.”
The group intends to continue the simplification of its minority holdings already initiated by capitalistically reorganizing its presence in Morocco. Ultimately, this will not prevent Accor from continuing to be a major player in the hotel industry in the Kingdom.
Subject to certain regulatory constraints, the finalization of the agreement should take place during the 3rd quarter of the year.
Accor has been present in Morocco for nearly three decades with 39 hotels including the brands Ibis, Fairemont, Mövenpick, Sofitel, Mercure.
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