Edition:
United Kingdom

Accor Announces Material Progress In The Divestment Process Of Orbis


Wednesday, 12 Jun 2019 

June 12 (Reuters) - Accor SA ::ANNOUNCES MATERIAL PROGRESS IN THE DIVESTMENT PROCESS OF ORBIS <<>>.ACCOR AGREED KEY TERMS OF TAKING OVER ORBIS' HOTEL SERVICES BUSINESS FOR 286 MILLION EUROS.BEGINS DISPOSAL OF ITS REAL ESTATE OPERATIONS, WHOSE GROSS ASSET VALUE TOTALED 1.18 BILLION EUROS AT END-2018.THE GROUP WILL ISSUE PRO FORMA FINANCIAL STATEMENTS FOR 2018 SHORTLY TO REFLECT THESE ADJUSTMENTS.