Chinese investor Jin Jiang International has raised its stake in AccorHotels to 11.7%, France's AMF market regulator said on Monday.
Rubyrock and Gold Apple Capital, both controlled by Jin Jiang, now hold a combined 10.2 percent of voting rights in Accor and have not ruled out seeking board representation, the AMF said in a statement.
An AccorHotels spokeswoman said that the company had been notified of the stake increase by Jin Jiang and would examine any request for board seats.
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