Announcement Regarding the Progress of the Second Transaction Stage with Strategic Investor and Status of Investor's Applications to Competition Authorities
Globenewswireยท2025-11-21 06:30
Group 1 - The second stage of the transaction involving strategic investor Neset Kockar has been terminated, with ongoing negotiations for an additional share package [1] - The Lithuanian, Latvian, and Estonian Competition Authorities are conducting formal proceedings regarding Neset Kockar's applications for the potential acquisition of additional shares, with decisions expected by the end of Q1 2026 [2] - Novaturas Group is a tour operator with over 25 years of experience, offering a wide range of travel destinations and recorded revenues of EUR 201 million in 2024, serving 239 thousand passengers [3]