French hotel group Accor has announced plans to acquire the remaining shares of Poland’s Orbis Group. At present Accor owns over 50% of Orbis, and has made a bid of PLN87 per share ($23) for the remaining 47.13% of the company, valuing the deal at approximately $0.5bn. In accordance with the offer, the subscription period of the offer will be opened from December 17, 2018 to January 18, 2019. Orbis, which is headquartered in Warsaw, Poland, is the largest hotel operator in Central & Eastern Europe and the exclusive master franchisee of certain AccorHotels brands in the region. Its portfolio comprises 128 hotels in 16 countries. “Accor and Orbis have built a long-term partnership since their first business agreement 45 years ago. As its largest shareholder since 2000, Accor has fully supported the growth of Orbis in Poland, and across Central Europe since 2014, where Orbis has become a formidable leader,” said Sebastien Bazin, Accor Hotels Chairman and CEO.