French holding company Fimalac, which has a 60 per cent stake in the Fitch Group, is in talks with Groupe Lucien Barrière and its shareholders over a potential investment in the casino group.
The company said that it is discussing the possibility of acquiring a minority stake in the group, which operates 37 casinos, with the Desseigne- Barrière family and the hotel chain Accor.
Accor confirmed that it is in talks to sell its 49 per cent stake in the casino group. The hotel company launched an initial public offering last year, which valued Lucien Barrière at 700m euros. However, having failed to generate the required level of interest, it scrapped the sale of its shares in what it described as a "non-strategic holding."
