Orbis mulls acquisitions

WSE-listed hotel operator Orbis is looking for acquisitions in different markets. “We are interested in takeovers on the hotel market but also other business lines related to this sector,” company’s CEO Gilles Clavie said. If Orbis doesn’t find any takeover opportunities it will spend the allocated funds to reduce its debt. “If we didn't have the opportunity to spend money, then in the second place we would think about reducing debt. Only in the third place we could think about an additional dividend but today it is not a priority,” Clavie explained.