The deal will widen the offering of Romanian tour operator Travelminit.ro, which
“The acquisition of Litoralulromanesc.ro is a milestone in our development in this country. It is a combination of two businesses that operate in tourism but have different yet complementary characteristics,” said
“Travelminit focuses on leisure tourism getaways to smaller inland accommodations, while Litoralul Romanesc is the country’s leader in vacation getaways to Romanian seaside resorts. Together, we will be able to offer our customers a comprehensive travel offer,” Rigo added.
With almost 20 years of experience in the local tourism market,
The planned sale of the remaining 20% stake in 2025 will bring the value of the deal to €21mn.
The target company has a portfolio of more than 500 accommodation units where, in 2023, tourists made reservations with a total value exceeding €45mn resulting in a €3mn Ebitda.
The seller is the local entrepreneur
The first stage of the transaction involving
The remaining 20% of the company will be taken over by the
The rest of the assets under the umbrella of the
The entire team, including Nedea, will continue their work within the company, which will continue to operate the LitoralulRomanesc brand.
©2024 bne IntelliNews
, source