Investment company Eurazeo has entered a period of exclusive negotiations with private equity firm The Carlyle Group for the divestiture of B&B Hotels.
This short-term negotiating period will end before the end of this week and may be extended if certain conditions with regard to the financing of the transaction are fulfilled.
The transaction is proceeding on the basis of an estimated enterprise value at the closing period of EUR485m.
Eurazeo has a portfolio of nearly EUR4bn in assets. Eurazeo is the majority or leading shareholder in Accor, ANF, Apcoa, B&B Hotels, Elis, Europcar and Rexel.