December 17, 2019 / 6:30 AM / 8 months ago

BRIEF-Orbis Says Accor To Sell 85.8% Stake In Orbis To AccorInvest Group

Dec 17 (Reuters) - ORBIS SA:

* SAID ON MONDAY ACCOR HAS SIGNED A BINDING AGREEMENT TO SELL 85,8% STAKE IN THE COMPANY TO ACCORINVEST GROUP

* SAID SALE WILL BE CARRIED OUT THROUGH A TENDER OFFER FOR ALL COMPANY SHARES AT 115 ZLOTYS PER SHARE

* BASED ON INFORMATION THE COMPANY RECEIVED FROM ACCOR SAID SALE IS TO BE FINALISED IN Q1 2020

Source text for Eikon:

Further company coverage: (Gdansk Newsroom)

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