January 20, 2020 / 7:24 AM / in a month

Hotels group Accor launches 300 million euros buyback programme

PARIS (Reuters) - French hotels group Accor (ACCP.PA) said on Monday that it was launching a 300 million euros share buyback programme.

In October, Accor - which runs high-end chains including Raffles and Sofitel, as well as budget brands such as Ibis - narrowed its full-year profit guidance due to uncertainty caused by the Hong Kong protests.

Reporting by Sudip Kar-Gupta; Editing by Alex Richardson

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