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China's HNA Hospitality denies talks with AccorHotels

Published 12/06/2016, 13:17
Updated 12/06/2016, 18:51
© Reuters. The logo of French hotel operator AccorHotels is seen on the facade of the company's headquarters in Issy-les-Moulineaux near Paris
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PARIS (Reuters) - Chinese conglomerate HNA Hospitality group said on Sunday it had not discussed buying shares in French hotel group AccorHotels (PA:ACCP) and had no plans to hold such talks.

HNA said it was issuing the statement in reaction to recent reports that AccorHotels was trying to combine its forces with those of HNA to thwart an attempt by another Chinese group Jin Jiang <600754.SS> to increase its stake in AccorHotels.

© Reuters. The logo of French hotel operator AccorHotels is seen on the facade of the company's headquarters in Issy-les-Moulineaux near Paris

"At this stage HNA Hospitaity Group did not discuss buying capital with the French group AccorHotels, nor expects to hold such discussions. Reports about it are false," the statement said.

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