Accor to Buy Raffles Hotel Operator FRHI for $2.9 BillionBy and
Luxury brands sold by QIA, Kingdom Holding, Oxford Properties
Deal combines Sofitel, Novotel, Fairmont, Swissotel brands
Accor SA agreed to buy the owner of the luxury Fairmont, Raffles and Swissotel brands for about $2.9 billion in shares and cash.
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