Neset Kockar to acquire a 23.2% stake in Novaturas for €1.159m.

Neset Kockar, a Turkish tourism sector businessman and investor, agreed to acquire a 23.2% stake in Novaturas, a Lithuanian travel and leisure company, for €1.159m. “The arrival of Mr Kockar as a strategic investor marks a new stage in the operations of Novaturas. We are confident that his world-class tourism and other business networks and many years of experience will provide new opportunities for growth, strengthen our competitive advantage, and benefit our customers, employees, partners and shareholders. Our immediate plans include reviewing the strategy and development prospects of the company. In the short term, we will also seek to make use of synergies with the investor’s businesses in destinations popular with travellers from the Baltic States. We hope to expand our range of hotels and travel offers in the near future, tailor them even more to the needs of different travellers, thus definitely improving customer experience,” Kristijonas Kaikaris, Novaturas CEO.