ACCOR (EPA:AC) - AccorHotels announces the preliminary results of the tender offer for Orbis S.A. shares

Transparency directive : regulatory news

18/01/2019 20:39

Press Release

Paris, January 18th, 2019

AccorHotels announces the preliminary results of the tender offer for Orbis
                               S.A. shares

Following today's end of the subscription period for the tender offer (the
"Offer") announced by AccorHotels on  26  November  2018  for  the  acquisition
of  21,800,593 shares in Orbis S.A. constituting all of the shares AccorHotels
did not already own in Orbis, AccorHotels received today the preliminary
results of the Offer.

In accordance with the preliminary results of the Offer, investors submitted
subscription for approximately 15.3 million shares in Orbis at an offer price
of PLN95.0, for a total consideration of PLN1,450 million (i.e. EUR337 million)
constituting approximately 33.1% of the share capital of Orbis.

The final number of shares in Orbis subscribed for in the Offer will be
confirmed on the date of the share purchase transaction by AccorHotels, which
will take place on Wednesday, 23 January 2019. The settlement of the shares by
AccorHotels will take place on Monday, 28 January 2019.

Following the settlement of the Offer and subject to the final confirmation of
the number of shares submitted by the investors in the Offer, AccorHotels will
own, directly and indirectly, 85.8% of Orbis' share capital.

AccorHotels strengthens the control on Orbis and consolidate its leadership in
Central Europe. As announced on 26 November, the Group shall explore options to
crystallize the value of Orbis' asset portfolio.

ABOUT ACCORHOTELS

AccorHotels is a world-leading travel & lifestyle group and digital innovator
offering unique experiences in more than 4,600 hotels, resorts and residences
across 100 different countries.
With an unrivaled portfolio of internationally renowned hotel brands
encompassing the entire range from luxury to economy, from upscale to lifestyle
and midscale brands, AccorHotels has been providing savoir-faire and expertise
for more than 50 years.
In addition to its core hospitality business, AccorHotels has successfully
expanded its range of services, becoming the world leader in luxury private
residence rental with more than 10,000 stunning properties around the world.
The Group is also active in the fields of concierge services, co-working,
dining, events management and digital solutions. Relying on its global team of
more than 250,000 dedicated staff, AccorHotels is committed to fulfilling its
primary mission: to make every guest Feel Welcome. Guests have access to one of
the world's most attractive hotel loyalty programs - Le Club AccorHotels.
AccorHotels plays an active role in its local communities and is committed to
promoting sustainable development and solidarity through PLANET 21 Acting Here,
a comprehensive program that brings together employees, guests and partners to
drive sustainable growth.
From 2008, the AccorHotels Solidarity Endowment Fund has acted as a natural
extension of the Group's activities and values, helping to combat the social
and financial exclusion experienced by the most disadvantaged members of
society.
Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code:
FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States.
For more information or to make a reservation, please visit accorhotels.group
or accorhotels.com. Or join and follow us on Twitter and Facebook.

Media relations contacts

Carina Alfonso Martin                     Line Crieloue
Directrice des Relations Media Monde      Relations Media Corporate
Tel: +33 (0)1 45 38 84 84                 Tel: +33 (1) 45 38 18 11
Email : carina.alfonsomartin@accor.com    Email: line.crieloue@accor.com

Investor and Analyst Relations

Sébastien Valentin                        Pierre-Loup Etienne
Directeur Communication Groupe            Investor Relations
Tel: +33 (0)1 45 38 86 25                 Tel: +33 (1) 45 38 47 76
Email: sebastien.valentin@accor.com       Email: pierre-loup.etienne@accor.com

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ACCOR (EPA:AC) - AccorHotels announces the preliminary results of the tender offer for Orbis S.A. shares

Transparency directive : regulatory news

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