Home / Press / CMS advises RTG on sale of majority stake in Explorer...

CMS advises RTG on sale of majority stake in Explorer Fernreisen to the Diethelm Keller Group

28/06/2017

Berlin – The Raiffeisen Touristik Group (RTG) has sold a majority stake in Explorer Fernreisen of Germany to Diethelm Keller Travel Holding, subject to approval from the competition authorities. Diethelm Keller Travel Holding already owns travel companies Globetrotter Group, STA and Diethelm Travel. RTG, which is headed by Wolfgang Altmüller, is retaining a minority stake in Explorer Fernreisen. The purchase price was not disclosed.

CMS lawyers Dr Eva Annett Grigoleit and Dr Igor Stenzel advised RTG on all legal aspects of the sale. Ms Grigoleit and Mr Stenzel regularly advise RTG on transactions.

Explorer Fernreisen currently has 12 branches in Germany and employs 114 people. The company generated revenues of EUR 65 million in 2016.

CMS Hasche Sigle

Dr Eva Annett Grigoleit, Lead Partner
Dr Igor Stenzel, Counsel, both Corporate/M&A

Press Contact
[email protected]

Publication
Press Release RTG, 28/06/2017
Download
PDF 108 kB

Related people

Dr. Eva Annett Grigoleit
Partner
Berlin
Igor Stenzel
Dr. Igor Stenzel
Partner
Berlin