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France's hotel group Accor plans to sponsor a SPAC

PARIS, May 20 (Reuters) - Europe’s biggest hotel group Accor said on Thursday it planned to sponsor a special purpose acquisition company (SPAC) to be listed on Euronext Paris.

The company said in a statement it expected the SPAC to raise about 300 million euros ($365.37 million).

$1 = 0.8211 euros Reporting by Matthieu Protard and Sudip Kar-Gupta; Editing by Jacqueline Wong

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