Accor Eyed Possible Deal With InterContinental, Figaro Says

French hotel company Accor SA considered a possible merger with U.K. rival InterContinental Hotels Group Plc as the tourism industry grapples with the unprecedented collapse in business from the coronavirus pandemic, Le Figaro reported.

To study a transaction, Accor Chief Executive Officer Sebastien Bazin created a team in June that included Chief Financial Officer Jean-Jacques Morin and bankers from Centerview and Rothschild, the French daily reported, without saying how it obtained the information.