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Accor’s largest shareholder let a key deadline pass on May 2 without making a move. Parvus Asset Management, the UK activist fund that holds a 12% stake in the French hotel group, filed no resolutions for the company’s annual meeting, an Accor spokesperson confirmed.
Other shareholders also stayed quiet, leaving the 12 resolutions the board proposed unchallenged.
The quiet ahead of the May 27 annual meeting was notable because Parvus has been gradually increasing its stake in the company.
Skift reached out to Parvus for comment but the company declined to answer. An Accor spokesperson said, “Like with any other shareholders and potential investors, Accor is in regular contact with Parvus on a wide range of to
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