Jin Jiang International to boost stake in Europe’s Accor

Jin Jiang International, which controls China’s largest lodging company by market value, is considering increasing its stake in French hotelier Accor, say sources.

Jin Jiang, already Accor’s biggest shareholder with an almost 12% stake, could build up its ownership in the Paris-based company to about 20%.

The Shanghai-based firm would be interested in gaining more influence over Accor’s management. Accor shares jumped as much as 3.8% in Paris trading, the most for about a month.