AccorHotels launches second phase of share buyback
AccorHotels launches second phase of share buyback
20 DECEMBER 2018 9:55 AM

Following an initial tranche completed in November, AccorHotels now has launched a second tranche of its share buyback program worth €500 million ($570 million), with a purchase period between today and 20 June.

PARIS, December 19, 2018--After completing the initial tranche of its share buyback program for 350 million euros in November 2018, AccorHotels announces today the launch of a second tranche for an amount of 500 million euros.

The purchase period will start on December 20th, 2018 and end on June 20th, 2019, without being shorter than 3 months.

The Group will maintain the suspension of its liquidity agreement for the duration of this program.

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