On October 20, 2014, the majority shareholder of Orbis S.A. submitted to the company an offer of taking over a network of 46 hotels located in Central Europe along with a proposal of a new Master License Agreement.
The Agreement was signed on January 7, 2015. Thereby, Orbis strengthened its position of the hospitality industry leader in Central Europe and became the sole licensor of all Accor brands in 16 countries of the region. The total price of the transaction amounted to EUR 142.3 million.
All significant information on the executed transaction is available on this page.
Press release 07.01.2015:
Current report 07.01.2015:
Press release 14.11.2014:
Current report 14.11.2014:
Orbis SA Supervisory Board’s consent to purchase shares of Accor’s subsidiaries operating in Central Europe and to conclude, on new terms, the license agreement (Master License Agreement).
Entering a new era
Factsheet Transaction with Accor November 2014
Grupa Orbis liderem rynku hotelowego w Europie Centralnej. Jaki to rynek?
Current report 21.10.2014:
Current report regarding the offer
Press release 21.10.2014:
Press release regarding the offer
The Management Board of Orbis SA cooperates with reputable advisory companies in analysing the offer:
- HVS – international company specializing in valuations on hotel market – conducts the valuation of the offer,
- Schoenherr – international law firm focusing i.a. on mergers & acquisitions that has its local offices in all countries covered by the offer.
Framework timetable of offer analysis:
|20.10.2014||Accor’s offer submission|
|21.10 - no later than 6.11.2014||Expected period of valuation performed by HVS|
|21.10 - no later than 6.11.2014||Expected period of due-diligence with support from Schoenherr and a draft of the Master License Agreement review|
|10.11.2014||Expected date of the offer analysis completion by the Management Board of Orbis SA and recommendation about the offer to the Orbis’ Supervisory Board for approval|
|13.11.2014||Supervisory Board of Orbis meeting, the subject of which will be i.a. the Management Board recommendation regarding the offer|
|30.11.2014||Expiration date of an exclusivity of negotiations regarding the offer for Orbis SA|
If you have additional questions please contact Investor Relations Department.