Danish travel agencies Apollo and Falk Lauritzen, owned by Swiss concern Kuoni, have been sold to Rewe Group from Germany, TV2 reports.
The Swiss group announced its intention to sell the travel agencies, including an airline Novair and the Playitas hotel complex on Fuerteventura, already in January this year.
Apollo is Denmark’s third largest charter agency, but last year it suffered a significant financial loss.
New owner but otherwise it’s business as usual
According to the company’s statement, all employees and trademarks included in the acquisition will continue as before.
The parties have agreed not to disclose anything about the purchase price or other details of the agreement.
The deal is expected to be finalised in the autumn when the competition authorities in the EU and Switzerland approve it.