Mantra Group shareholders on Friday voted overwhelmingly to approve the $1.2 billion sale of Australia's second biggest hotel and resort operator to Paris-based giant, Accor.
Ninety-six per cent of shareholders representing 99.9 per cent of the register approved the scheme of arrangement all-cash deal struck at $3.96 per share.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
