A Qatari consortium of investors agreed to acquire 10.8% stake in Ennismore International Management Limited on June 22, 2022. Qatar First Bank LLC will finance Qatari consortium with €20 million. The transaction is subject to employee consultation process, customary regulatory authorizations and closing conditions.

The transaction is expected to complete in second semester of 2022. Marcus Billam, Jean-Baptiste de Martigny and Guillaume Aubron of Darrois Villey Maillot Brochier acted as legal advisor to Accor SA (ENXTPA:AC), Accor was also assisted by Reed Smith LLP for the tax law aspects and Proskauer Rose LLP for the UK and US law aspects.