Announced
Financials
Sources
Tags
Minority
Single Bidder
Germany
Travel and Tourism
Cross Border
Private
Pending
tour operator
Acquisition
Friendly
Synopsis
Certares, an investment management company, agreed to invest €125m ($133m) in FTI GROUP, a tour operator. “We are delighted to announce our partnership with the Certares-led Consortium. Certares is a leading investor in the global travel and tourism sector. With support from Certares and its extensive experience in the sector and capital provided by the Consortium, FTI is uniquely positioned for future growth and profitability which benefits all the stakeholders, including our customers, commercial partners and employees. We are committed to start our next chapter of success and to further consolidate our position as a leading player in the German and European tourism sector," Karl Markgraf, FTI GROUP CEO.
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