Mantra may be in talks to be acquired by Accor
Mantra Group [ASX: MTR] is increasingly expected to receive an offer from the global hotel business Accor, The Australian’s Dataroom reported.
According to the report, which did not cite sources, rumours are circulating that Accor is involved in exclusive due diligence to acquire Mantra with JLL’s hotel division working on the deal.
The item noted that Mantra is advised by Highbury Partnership.
Mantra and Accor did not comment on the speculation, the report said.
Mantra has a market capitlisation of AUD 960m (USD 745m).
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