TUI acquires stake in Swiss travel firm
TUI Group announced Swiss travel firm Bentour Reisen is acquiring a 20% stake in TUI subsidiary Nazar Nordic AB.
At the same time, TUI Group is acquiring 20% of the shares in Bentour Reisen AG.
Both companies operate in Greece and Turkiye but serve different source markets
Bentour Reisen markets holidays in the German-speaking markets of Austria, Switzerland and Germany, while Nazar focuses on the customer markets of Denmark, Norway, Sweden and Finland.
The transaction is subject to approval by the relevant antitrust authorities.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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