BREAKING NEWS

BREAKING NEWS

France's LVMH nears deal to buy Belmond - WSJ

France's LVMH nears deal to buy Belmond - WSJ
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LISI NIESNER(Reuters)
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(Reuters) - France's LVMH Moet Hennessy Louis Vuitton SE <LVMH.PA> is near a deal to buy Belmond Ltd <BEL.N>, owner and operator of high-end hotels around the world, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

LVMH would pay $25 per share in cash in a transaction that would value Belmond's equity at about $2.6 billion, the Journal reported.

(Reporting by Ismail Shakil in Bengaluru; Editing by Sandra Maler)

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