By  on December 14, 2018

PARIS — LVMH Moët Hennessy Louis Vuitton said on Friday it had agreed to buy luxury travel operator Belmond Ltd., owner of the Venice Simplon-Orient-Express train and hotels including the Copacabana Palace in Rio de Janeiro, for $2.6 billion, significantly widening its footprint in the hospitality sector.

The French luxury group is to acquire Belmond for $25.00 per class A share in cash, representing an enterprise value of $3.2 billion. 

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