Eurazeo (FR:RF) has released an update.
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Eurazeo has announced that Grape Hospitality, partly owned by Eurazeo with a 70% stake, sold 22 economy hotels in France to focus on higher-end segments. The sale aligns with strategic repositioning efforts and demonstrates Eurazeo’s asset management skill, bringing significant premium value to stakeholders. Grape Hospitality, with a portfolio of over 10,000 rooms across Europe, continues to evolve, targeting growth in emerging markets.
For further insights into FR:RF stock, check out TipRanks’ Stock Analysis page.