France's LVMH nears deal to buy Belmond - WSJ

France's LVMH nears deal to buy Belmond - WSJ
A woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna, Austria October 4, 2018. REUTERS/Lisi Niesner -
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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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