The casino-business is not an attraction to investors

By: trademagazin Date: 2010. 10. 01. 00:00

French hotel group Accor said on Wednesday it was withdrawing its offer to sell its 49 percent in Lucien Barriere after the initial public offering did not attract enough interest from investors.

Weak investor appetite forced casino and luxury hotel operator Lucien Barriere to cancel what would have been one of the main listings on the French stock market since the summer break. The Management does not exclude the possibility of a later introduction to the stock market at least partially, but it is not expected in the near future. – reports Világgazdaság Online.

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