Inactive Instrument

Orbis S.A.

Equities

ORB

PLORBIS00014

Accor SA (ENXTPA:AC) completed the acquisition of Light asset business from Orbis S.A..

September 16, 2019

Accor SA (ENXTPA:AC) agreed to acquire Light asset business from Orbis S.A. (WSE:ORB) for PLN 1.2 billion(€286 million) on June 12, 2019. In the agreement Accor has agreed to acquire the light asset business of Orbis. This transaction will affect the agreement of sale of service activity and settled principles of a long term management agreements between the parties for all Orbis owned and leased hotels. Accor currently holds an 85.8% stake in the company. The transaction is expected to close in October, 2019 and will obtain obligatory approvals. Lazard Ltd (NYSE:LAZ) acted as financial advisor to Accor SA.

Accor SA (ENXTPA:AC) completed the acquisition of Light asset business from Orbis S.A. (WSE:ORB) on September 17, 2019.

Latest news about Orbis S.A.

Orbis S.A. Auditor Raises 'Going Concern' Doubt	21-05-21	CI
Orbis S.A. Reports Earnings Results for the Full Year Ended December 31, 2020	21-05-21	CI
Orbis S.A. Reports Earnings Results for the First Quarter of 2020	20-05-17	CI
AccorInvest Group SA completed the acquisition of 98.48% stake in Orbis S.A. from Accor SA (ENXTPA:AC), ING Otwarty Fundusz Emerytalny, fund of Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. and other public shareholders for PLN 5.2 billion.	20-03-09	CI
AccorInvest Group SA made an offer to acquire Orbis S.A. from Accor SA (ENXTPA:AC), ING Otwarty Fundusz Emerytalny, fund of Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. and other public shareholders for PLN 5.3 billion.	19-12-15	CI
Accor SA (ENXTPA:AC) completed the acquisition of Light asset business from Orbis S.A..	19-09-16	CI
Accor SA (ENXTPA:AC) agreed to acquire Light asset business from Orbis S.A..	19-06-11	CI
An unknown buyer acquired 9.91% stake in Orbis S.A. from Aviva Otwarty Fundusz Emerytalny Aviva BZWBK SA, a fund managed by Aviva Powszechne Towarzystwo Emerytalne Aviva BZ WBK S.A.	19-01-29	CI
An undisclosed buyer acquired 5.37% stake in Orbis S.A. from MetLife Powszechne Towarzystwo Emerytalne S.A.	19-01-28	CI
Accor SA (ENXTPA:AC) completed the acquisition of an additional 33.15% stake in Orbis Spólka Akcyjna for PLN 1.5 billion.	19-01-22	CI
Accor : AccorHotels sticks to goals for future earnings growth	18-11-27	RE
Accor : AccorHotels makes $500 million offer for rest of Poland's Orbis	18-11-26	RE
Accor SA (ENXTPA:AC) made a tender offer to acquire remaining 47.31% stake in Orbis Spólka Akcyjna for PLN 1.9 billion.	18-11-25	CI
CUBE Sp. z o.o suspended the acquisition of Hotel Ibis Budget Torun and a Torun-based immovable property from Orbis Spólka Akcyjna.	18-10-30	CI
Orbis Reports Consolidated Earnings Results for the Third Quarter of 2018	18-10-26	CI
Orbis to Open Mercure Hotel in Western Romanian Town of Timisoara in Second Quarter of 2019	18-10-02	CI
Orbis Reports Earnings Results for the Second Quarter of 2018	18-07-26	CI
Orbis Spólka Akcyjna Provides Earnings Guidance for the 2018	18-07-26	CI
Orbis Announces Earnings Results for the First Quarter of 2018	18-04-27	CI
Orbis Group Opens First ibis Styles Hotel in Romania	18-04-26	CI
Orbis Reports Revenue Results for the First Quarter of 2018	18-04-18	CI
Orbis Spólka Akcyjna Seeks Sale Of Two Hotels	18-03-06	CI
Orbis Announces Earnings Results for the Fourth Quarter and Year of 2017	18-02-21	CI
Orbis Reports Consolidated Earnings Results for the Third Quarter of 2017	17-10-26	CI
CUBE Sp. z o.o completed the acquisition of Hotel Mercure Torun Centrum from Orbis Spólka Akcyjna	17-09-29	CI

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Company Profile

Orbis SA is a Poland-based company that is principally engaged in the hotel, transportation and tourism sectors. It operates two business segments, including hotels & restaurants and transport. The Company offers hotel services, domestic and international coach transport, and car rental and lease. It also acts as a travel agent, tour operator and car parks operator. As of December 31, 2011, the Company operated a network of 32 hotels with 7,011 rooms in 20 cities. Hotels of the Company operate under Accor brands: Sofitel, Novotel, Mercure, Ibis and Etap, as well as under the Polish brand Orbis Hotels and Holiday Inn in Warsaw. As of December 31, 2011, the Company operated through several subsidiaries, including Hekon Hotele Ekonomiczne SA, Orbis Corporate Sp. z o.o and Orbis Transport Sp. z o.o., among others. As of February 21, 2012, its parent entity was Accor SA, which held a 51.55% stake in the capital. In May 2013, the Company sold a 96% stake in Orbis Transport Sp. z o.o.

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