French luxury group LVMH Moët Hennessy Louis Vuitton (LVMHF.PK, LVMUY.PK) has agreed to acquire Belmond Ltd. (BEL) for an equity value of $2.6 billion, the companies said Friday. Shares of Belmond are gaining 40 percent in the regular trading session.
Belmond is a London-based owner and operator of 46 luxury hotel, restaurant, train and river cruise properties. The company also operates '21' Club, one of New York's most storied restaurants.
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