KUALA LUMPUR, Aug 9 (Bernama) -- Belmond Ltd – which has a unique portfolio of 46 luxury hotel, restaurant, rail and river cruise properties in 24 countries – announced that it has initiated a comprehensive review of strategic alternatives to enhance shareholder value.
The board of directors is conducting a robust review of the full range of strategic, operational and financial alternatives available to the company, including a possible sale, said chairman, Roland Hernandez.
“We have made meaningful progress towards our long-term strategic goals, including growing earnings, increasing brand awareness and expanding our global footprint,” he said.
The board has engaged Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC as financial advisors, and Weil, Gotshal & Manges LLP as legal advisor to assist in the review.
No assurances can be given regarding the outcome or timing of the review process, the company said in a statement, adding that it does not intend to make any further public comment regarding the review until it has been completed or the company determines that disclosure is required or beneficial.
For more information, visit http://investor.belmond.com/
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