Accor Announces Material Progress In The Divestment Process Of Orbis [Reuters]
ACCOR SA SPNS/ADR (ACCYY)
NASDAQ:AMEX Investor Relations:
accorhotels.group/en/investors/accor-share/accor-adr
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Source: Reuters
Orbis SA (ORBP.WA) Key Developments | Reuters.com 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. Full Article 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. Full Article May 29 (Reuters) - Orbis SA ::SAYS MANAGEMENT RESOLVES ON POTENTIAL DIVESTITURE OF ASSET LIGHT ACTIVITY AND START OF EXCLUSIVE
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