January 28, 2019
Weil advised AccorHotels in its €338 million acquisition of shares in Orbis from minority shareholders through a public tender offer. Orbis is the largest hotel chain in both Poland and the entire Central and Eastern Europe region.
As a result of the tender offer, AccorHotels acquired shares representing 33.15% of the voting rights in Orbis, for a total cash consideration of €338 million. This transaction is one of the largest public tender offers in history, in terms of value, for shares of a company listed on the Warsaw Stock Exchange.
Following the conclusion of the tender offer, AccorHotels will own, directly and indirectly, 85.84% of the voting rights in Orbis.
The Weil team handling the transaction was led by Corporate partner Marcin Chyliński and counsel Ewa Bober, along with associate Filip Leśniak, and law clerks Leszek Cyganiewicz and Arkadiusz Karwala.