DER Touristik in advanced talks to take over rival FTI – Handelsblatt

Industry: Travel & Tourism 2023-01-13

Germany’s tour operator DER Touristik, a unit of retail group REWE, is in advanced negotiations regarding a takeover of Munich-based rival FTI, daily Handelsblatt reported on Thursday citing people familiar with the transaction.

A precondition for the deal would be a massive cut of FTI’s debt, which amounted to around 1 billion euros ($1.1 billion), the paper said.

Source: Reuters.com

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