• Accor to increase asset sales

Accor announced a 7.1% increase in full-year like-for-like sales to Eu5.95bn, with Ebit up by 82.4% to Eu446m.

Accor said it would speed up its asset disposal program in 2011 and 2012, to take Eu1.2bn from adjusted net debt over the two years. "This faster implementation will enable the group to extend its disposal programme beyond the 450 hotels included in the 2010-2013 plan," it said.

See the full release here:
http://www.accor.com/en/press.html

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