Mantra Group CEO Bob East 'highly confident' Accor deal will proceed

Mantra chief executive Bob East says he is "highly confident" the $1.2 billion merger with Accor will go ahead, after completion of the deal was delayed to the final quarter of the financial year.

Australia's second biggest hotel and resort operator said the deal was "on track" as part of its interim results, but it will not be completed by the end of March, as was originally expected.