FRANCE - Accor board splits company in two

Colony Capital and Eurazeo, which each hold a 30% stake in the company, have frequently clashed with the FSI, the French strategic investment fund, which owns 7.5% of the company and voiced its opposition to the move. The vote will be put to the shareholders in H2 2010.

Providing the de-merger goes ahead, both private equity groups have committed to a shareholders lock-up period on both companies to January 1012.

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