Accor launches tender offer for 47.31% stake in Orbis

The majority shareholder of WSE-listed hotel operator Orbis, AccorHotels, is launching a tender offer for 21.8 million shares representing a 47.31 percent stake at PLN 87 apiece. If the tender is successful, AccorHotels will control 100 percent shares and plans to delist the company. “The proposed transaction will enable AccorHotels to accelerate Orbis’ development in the region….

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