AccorHotels no longer pursuing Air France-KLM stake

AccorHotels stated (26-Jul-2018) while it "remains convinced that a strengthened partnership between hotel companies and airlines offers significant value creation potential", it will no longer pursue a minority stake in Air France-KLM. AccorHotels stated the required conditions for a stake acquisition "have not been met at this stage". AccorHotels confirmed it was considering a joint financing approach with French and European investors. [more - original PR]