We are delighted to announce our participation, to what the press names as „The transaction of the year in tourism”!
Our client, Eurolines Group, owned by Dragos Anastasiu, will sell all its tourism operations (touring, retail, business travel and incoming) currently carried out via three distinct companies (Touring Europabus, Danubius Travel and Nova Travel) to DER Touristik Group, part of the German REWE Group.
The transaction, which was signed by the two groups in Romania and Germany and approved by the Competition Council, is due to be finalised in the fall, this year.
Eurolines Group is the leader of the Romanian tourism market, with 80 agencies under the brands TUI TravelCenter, TravelBrands and Eurolines, with an anual sales figure of about EUR 150 million.
DER Touristik Group is one of the largest travel companies in Europe, having 130 companies with over 10,500 employees in 15 countries, with a turnover of EUR 6,7 billions, generated by about 9,9 million tourists annually.
ISTOCESCU & VINTILA – Business Lawyers provides legal assistance to Eurolines throughout the Transaction under the coordonation of Mihaela Vintila, Daniela Nemoianu and Letitia Silaghi.