Edition:
United Kingdom

Orbis Signs Non-Binding Agreement With Accor For Sale Of Its Service Activity


Wednesday, 12 Jun 2019 

June 12 (Reuters) - Orbis SA ::SAYS SIGNS NON-BINDING AGREEMENT WITH ACCOR FOR SALE OF ITS HOTEL SERVICE ACTIVITY FOR 1.22 BILLION ZLOTYS.SAYS TRANSACTION IS TO BE IMPLEMENTED IN FIRST HALF OF OCTOBER.SAYS PORTFOLIO OF ALL HOTELS OWNED OR LEASED BY ORBIS OR ITS SUBSIDIARIES WAS EVALUATED AT ABOUT 1.13 BILLION EUROS GROSS.SAYS ITS NON-HOTEL REAL ESTATE WAS EVALUATED AT ABOUT 50 MILLION EUROS.