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PHOTO FILE – The logos of the group AccorHotels are photographed during a press conference at the hotel Pullman Bangkok King Power in Bangkok, Thailand, on June 15, 2017. REUTERS / Athit Perawongmetha
PARIS – The CEO of Accor said the French hotel group would be complicated if the Chinese shareholder and his fellow hotel operator, Shanghai Jin Jiang Hotels, sought a seat on the board of directors.
Managing director Sebastien Bazin told the French newspaper Le Journal du Dimanche that the Chinese group had not asked for a seat at Accor, whose portfolio includes Raffles, Sofitel and Pullman hotels.
"If they did, it would bring a direct competitor in many countries and brands to the board of directors. It sounds complicated, "said Bazin.
The Chinese group is the largest shareholder of Accor with a participation of nearly 12% and voting rights of nearly 18%, according to a regulatory report filed last October.
Bazin said it was neither a dream nor a nightmare to have the largest shareholder, Jin Jiang, and that the two groups met every other day. three months.
Reportage of Leigh Thomas; Edited by Keith Weir
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