At the end of the purchase of this participation by Fimalac & Groupe Lucien Barriere and of the reduction planned of the groupe Lucien Barriere’s capital, The family Desseigne-Barriere, majority shareholder, will hold 60% of the group’s capital and Fimalac, will hold 40%.
The sale is expected to be completed during the first quarter of 2011, once the competition authorities’ approval has been obtained.
Groupe Lucien Barriere has chosen Fimalac because the two groups have the same longterm vision of their companies development, a strong family story, with a legacy approach in which the real estate has a leading role as weel as a strong involvement in Culture.
For Dominique Desseigne, Chief Executive Officer:"I am particularly proud of the road ahead and I would like to thank the group Accor, its leaders and teams, for their support. I’ve made the choice of a partner who share our strategic vision and who has care of protecting the identity and values of a family group, created by Lucien Barriere more than 100 years ago. I konow that I can count on its support in order to our Group could continue its growth in all their trade, in France and at the international level with the same ambition."