Sunspot Tours ‘looking for buyer’

Thursday, 02 Jan, 2018 0

Malta specialist Sunspot Tours has appointed advisors to look for a buyer for part of the company, which could net the founders a multi-million pound payout.

City sources told The Times that the Kent-based firm was working with corporate financiers from Catalyst on ‘strategic options’, which could lead to a sale of a stake in the business founded by chairman Martin Bugeja in 1980.

The most recent accounts show the business, which also trades as Mercury Holidays, made an operating profit of £3.5 million to the end of November 2016.



 

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Linsey McNeill

Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk



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