Saudi Arabia’s Kingdom Holding 5.8% owner of AccorHotels following combination of FRHI platform in a $3.2 Billion Enterprise Value Deal

Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announced that it has successfully completed the combination of its Fairmont Raffles luxury hotel platform with France-based hospitality group AccorHotels. The transaction completion comes after the announcement on December 9, 2015 that AccorHotels had signed an agreement with KHC, Qatar Investment …