Hotell Scandic in Kista, north of Stockholm. Photo: Jonas Ekströmer/TT.

Scandic Hotels to buy 72 hotels

Hotel chain Scandic wants to buy up rivals Rica Hotels, Swedish Radio News reports.

That would give them 72 new hotels in Norway and Sweden, and mean they would own a total of 223 hotels in Scandinavia.

The deal has to be approved by competition authorities, if and when that is completed, Scandic would then start integrating the Rica Hotels into their chain and re-brand them, Swedish Radio News reports.

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