French hotel company Accor said it plans to seek about 300 million euros ($366 million) listing a SPAC, Bloomberg reports, confirming rumors floated earlier this week.
Accor Acquisition would trade on the Euronext Paris exchange, according to a statement from the company. It will target deals in sectors including food and beverage, flexible working, entertainment and events, wellness and travel technology.
The SPAC will hunt for companies with high-quality services and recognizable brands in areas adjacent to Accor’s core hospitality business. Read more.
