Announced
Financials
Sources
Tags
Acquisition
Majority
Single Bidder
Travel and Tourism
Restructuring
Friendly
Cross Border
Private
Leisure & Travel
Pending
Germany
Synopsis
Anex Tourism Group, a Turkish tourism group, agreed to acquire Neckermann Reizen, a travel company, from Thomas Cook Group. Financial terms were not disclosed. "To sell all the valuable assets of the German group of companies profitably in the interest of the creditors in 2019 and to preserve many areas of the German tour operator and to transfer them to investors. With the experienced tour operator Anex, which is particularly strong in the Russian market, the Neckermann brand will certainly continue to have a strong market presence," Anex Tourism.
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