Covivio SA CVO.PA:
* COVIVIO ANNOUNCES ENTERING INTO EXCLUSIVE NEGOTIATIONS WITH ACCORINVEST, IN ORDER TO COMBINE THE OWNERSHIP OF JOINTLY HELD HOTEL BUSINESSES AND BUSINESSES
*THE OPERATION WOULD TAKE THE FORM OF AN EXCHANGE OF BUSINESS FUNDS, CURRENTLY HELD BY ACCORINVEST, FOR HOTEL WALLS BELONGING TO COVIVIO HOTELS
* AT THE END OF THE OPERATION, 24 HOTELS WILL NOW BE OWNED BY COVIVIO HOTELS AND 10 BY ACCORINVEST
*THE OPERATION SHOULD BE FINALIZED DURING THE SECOND HALF OF 2024
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(Gdansk editorial office)