ID:
1532584001580048500
Thu, 2018-07-26 05:33
PARIS: AccorHotels, Europe’s largest hotelier, said on Thursday it had decided to drop plans to buy a minority stake in Air France-KLM as it felt that conditions necessary for the deal had not been met at this stage.
Accor made the announcement as it posted a 4.2 percent rise in first-half operating profit, driven by restructuring efforts and robust demand in all key regions, and it predicted a further rise in profits for the full year.
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