LOET Trading AG and Erste Gallus Verwaltungs GmbH acquired a 46.2% stake in Travel24.com AG (DB:TVD6) from Unister Holding GmbH.
August 24, 2012 at 09:30 am IST
LOET Trading AG and Erste Gallus Verwaltungs GmbH acquired a 46.2% stake in Travel24.com AG (DB:TVD6) from Unister Holding GmbH on August 24, 2012. Post acquisition LOET Trading AG will own 16.3% stake, Erste Gallus Verwaltungs will own 29.9% stake and Unister will own 44.7% stake in Travel24.com. Travel24.com AG had revenues of 19 million in year 2011. B. Metzler GmbH acted as financial advisor for LOET Trading AG and Erste Gallus Verwaltungs GmbH.
LOET Trading AG and Erste Gallus Verwaltungs GmbH completed the acquisition of a 46.2% stake in Travel24.com AG (DB:TVD6) from Unister Holding GmbH on August 24, 2012.