Europe's largest tour operator TUI on Wednesday gave a more conservative outlook for 2026 than the market had expected, citing the current trading environment and prevailing economic and geopolitical ... ...

Private credit lender Permira Credit is in advanced talks to take over German tour operator Berge & Meer https://t.co/YNjFuzVxl0 ...

Company Overview - Novaturas Group is a tour operator with over 25 years of experience, offering a wide range of travel destinations from the Baltic States [2] - In 2024, Novaturas Group recorded revenues of EUR 201 million and served 239 thousand passengers in Lithuania, Latvia, and Estonia [2] Clarification on Investigation - Recent Turkish media reports incorrectly linked Novaturas shareholder Mr. Neset Kockar to an investigation, which has been clarified as false [1] - The investigation pertains to earlier transactions of a hotel owned by Mr. Ismail Lepiev (Prince Group) before its acquisition by Adali Otelcilik, a subsidiary of the ANEX Group [1] - Novaturas and its shareholder are confirmed to be unrelated to any violations [1]

Management Change - Novaturas Group announced that Darius Undzėnas will step down as Chief Financial Officer effective July 15, with the company currently searching for a replacement [1][2] - Kristijonas Kaikaris, CEO of Novaturas, expressed gratitude for Darius's contributions and acknowledged the company's new stage following the attraction of a strong strategic investor [1][2] Interim Management - Until a new CFO is appointed, Auksė Kriaučiūnaitė, the Senior Financial Controller, will temporarily assume CFO responsibilities [3] - Auksė Kriaučiūnaitė has extensive international experience in financial accounting, reporting, and tax advisory, and has previously served as interim CFO for Novaturas [3] Company Overview - Novaturas Group is a tour operator with over 25 years of experience, offering a wide range of travel destinations from the Baltic States [4] - In 2024, Novaturas Group recorded revenues of EUR 201 million and served 239 thousand passengers across Lithuania, Latvia, and Estonia [4]