Saudi Prince Alwaleed bin Talal says Accor, Four Seasons will not merge
Saudi Prince Alwaleed bin Talal says Accor, Four Seasons will not merge
Saudi Arabia`s billionaire Prince Alwaleed bin Talal told CNBC on Monday he was not considering merging AccorHotels and Four Seasons Hotels and Resorts, in which his Kingdom Holding Co. investment company owns stakes.
"Four Seasons is a very unique product. Its PE ratio is in the 40s. If we link them (Four Seasons with Accor), the PE ratio could well go down to the 20s," he said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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