TUI and Cepsa join forces to decarbonise flying

TUI, one of the world’s leading tourism groups, and Spanish energy company Cepsa have signed a collaboration agreement to promote the production and supply of sustainable aviation fuel (SAF), a key tool to further reduce the carbon footprint of air transport and a priority for both companies to fight against climate change. These fuels will […]

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eu

EU-UK Trade and Cooperation Agreement

After intensive negotiations, the European Commission has reached an agreement with the United Kingdom on the terms of its future cooperation with the European Union. President of the European Commission, Ursula von der Leyen said: “It was worth fighting for this deal because we now have a fair and balanced agreement with the UK, which will protect our […]

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tui

TUI AG reaches agreement with German Federal Government on additional stabilisation package of €1.2 billion

TUI and KfW have agreed to increase the existing KfW tranche by €1.05 billion. The drawing of this amount is subject to (i) the issuance of a Convertible Bond to the Economic Stabilization Fund (WSF) in the amount of €150m and (ii) a waiver by the bondholders of the Senior Notes due in October 2021. […]

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marina

Signing of the Alimos marina concession agreement

The concession agreement of the right to use and exploit the marina of Alimos was signed for a duration of 40 years to “Aktor Concessions S.A.” for a total consideration of €57.5 million (NPV). The concession agreement was signed by the Greek State, represented by the Minister of Finance, Mr Christos Staikouras, the Minister of […]

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ving

Stordalen and Altor acquire Thomas Cook Northern Europe

Petter Stordalen together with Altor and TDR Capital have signed an agreement to acquire the Nordic region’s most successful travel company Thomas Cook Northern Europe, also known as Ving, Spies, Tjäreborg, Globetrotter and Thomas Cook Airlines Scandinavia with more than 60 years of experience (together called Ving Group). Today, the new owners were presented at […]

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money tourism photo

AEGEAN to become “Official Hellinikon Project Air Carrier”

AEGEAN announces its intention to proceed with an agreement to promote and support the emblematic “Hellinikon Development Project”, the largest project in Greece which is expected to add new momentum to Athens Tourism. AEGEAN has agreed an MOU with Lamda Development for the promotion of the Hellinikon Development Project. As per the agreement, AEGEAN will […]

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CoStar Group str

CoStar Group to acquire STR

CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, has entered into an agreement to acquire STR, a leader in data benchmarking, analytics and marketplace insights for global hospitality sectors. The acquisition comprises the entire STR portfolio, including STR, Inc., headquartered in Hendersonville, Tennessee; STR Global Ltd., […]

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louis

Blackstone announces the acquisition of five hotel businesses in Greece

Blackstone Real Estate Partners Europe (Blackstone) has reached an agreement to acquire five Greek hotel businesses from the Louis Group, one of the leading hotel groups in the Mediterranean, at a total enterprise value of €178.6m.  The five hotel businesses are located in the Greek Islands with two in Corfu (Corcyra Beach and Grand Hotel), two […]

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corendon

Triton to acquire Corendon through Sunweb

Triton is to acquire the tour operating activities of Corendon Holiday Group (Corendon) through Sunweb Group (Sunweb), a Triton Fund V portfolio company. Final agreement is still subject to regulatory approvals and to employee consultation procedures. Terms of the transaction are not disclosed. Corendon is a leading tour operator group in the Netherlands and Belgium. […]

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air

New agreement between Air France, KLM και Sky Express

Air France and KLM have signed up an agreement of cooperation with the Greek company Sky Express. According to this agreement, these three airlines can strengthen their commercial cooperation between Paris, Amsterdam and Greek islands, from a good organized system of sales. The customers have the ability to make their reservation and to travel by […]

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