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Europe Daily Bulletin No. 7972

28 May 2001
Contents Publication in full By article 43 / 46
ECONOMIC INTERPENETRATION / (eu) hotels

The British COMPASS (catering) sold its hotels LE MERIDIEN the Japanese investment bank NOMURA, thus putting a final end to the sale of the FORTE hotels, which brought a total of GBP 3.26 billion (see EI of 18 October 2000). COMPASS sold the 128 hotels LE MERIDIEN to GRAND HOTELS ACQUISITION COMPANY, subsidiary of NORMURA, for GBP 1.9 billion.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
WEEKLY SUPPLEMENT