FIRST CORPORATE SPAC LISTING IN EUROPE, €300 MILLION RAISED
Paris – 1 June 2021 – Euronext today congratulates Accor Acquisition Company (AAC), a corporate Special Purpose Acquisition Company (SPAC) sponsored by the Group Accor, a World leading hospitality company, on its listing. AAC is dedicated to carrying out acquisitions of companies operating in activities adjacent to hospitality. AAC will be listed on the professional compartment of Euronext’s regulated market in Paris (ticker code: AAC). This is a special first for Euronext as it marks the first corporate SPAC listing in Europe.
AAC targets acquisitions in one of the following five verticals: food and beverage, flexible working, wellness, entertainment & events, and travel technology. Accor believes that AAC’s target company will benefit from Accor’s network, scale and global presence. AAC will be managed by Amir Nahai (Managing Director), supported by three senior executives from Accor: Pierre Boisselier (Chief Financial Officer), Nicolas Broussaud (Chief Investment Officer) and Besma Boumaza (Chief Legal Officer).
AAC was listed through the admission to trading of the 30,000,000 units making up its equity, each composed of a market warrant and a market share, on 1 June[1] 2021. The reference price of the units was set at 10 euros per unit. In total, AAC raised €300 million from qualified investors in a private placement.
Amir Nahai, Managing Director of Accor Acquisition Company, said: “The successful placement and listing of Accor Acquisition Company demonstrates the quality of our project, the confidence of investors in our ability to create value and the attractiveness of Euronext. We are proud to be the first European listed corporate SPAC and will now devote our efforts to executing on our roadmap: identify, evaluate and acquire a successful company and support its growth.”
Caption: Amir Nahai, Managing Director of Accor Acquisition Company, and his team, rang the bell during a virtual ceremony this morning to celebrate the listing of the company, in presence of Delphine d’Amarzit, Chairman and Chief Executive Officer Euronext Paris.
About AccorAccor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. The Group has one of the industry’s most diverse and fully-integrated hospitality ecosystems encompassing luxury and premium brands, midscale and economy offerings, unique Lifestyle concepts, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Over 68 million members benefit from the company’s comprehensive loyalty program ALL - Accor Live Limitless - a daily Lifestyle companion that provides access to a wide variety of rewards, services and experiences. Through its Planet 21 – Acting Here, Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. Founded in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram.
[1] From 01/06/2021 at 9:00 CET up to (and including) 02/06/2021, Units will trade on and as-if and when issued or delivered basis under a single trading line "ACCOR AC PROMESSES ". As of 03/06/2021, Units will be traded under the product name "ACCOR AC SHARES", both the ISIN code and trading symbol will remain the same.