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.