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LVMH Seals $2.6 Billion Deal for Hotel Operator Belmond
Agreement is the latest sign that luxury travel is booming after an extended downturn
French luxury-goods company LVMH Moët Hennessy Louis Vuitton SE LVMUY -2.29% said Friday it has agreed to acquire Belmond Ltd. BEL +39.97% , a London-based owner and operator of high-end hotels around the world.
LVMH agreed to pay $25 a share in cash for Belmond, a transaction that values the company’s equity at around $2.6 billion. That represents a premium of more than $7 to where Belmond shares closed Thursday on the New York Stock Exchange.
Belmond’s enterprise value, including debt, is about $3.2 billion.
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https://www.wsj.com/articles/lvmh-close-...yptr=yahoo
![[Bild: BELc1dl1357.png]](https://finviz.com/publish/121418/BELc1dl1357.png)
Agreement is the latest sign that luxury travel is booming after an extended downturn
French luxury-goods company LVMH Moët Hennessy Louis Vuitton SE LVMUY -2.29% said Friday it has agreed to acquire Belmond Ltd. BEL +39.97% , a London-based owner and operator of high-end hotels around the world.
LVMH agreed to pay $25 a share in cash for Belmond, a transaction that values the company’s equity at around $2.6 billion. That represents a premium of more than $7 to where Belmond shares closed Thursday on the New York Stock Exchange.
Belmond’s enterprise value, including debt, is about $3.2 billion.
...
https://www.wsj.com/articles/lvmh-close-...yptr=yahoo
