Subject to regulatory approval, Samih Sawiris will assume a stake between 25 and 35 percent of the FTI GROUP.
Dietmar Gunz remains majority shareholder of the FTI GROUP. The parties have agreed not to disclose any information on the purchase price.
Sawiris is also investing in the RT/Raiffeisen Touristik Group GmbH in Burghausen. “We are aiming for a long term cooperation,” explains Sawiris.
ODH and the FTI GROUP have a large portfolio of hotel beds. The FTI GROUP daughter, Meeting Point International, will be operating in 20 destinations and 59 locations worldwide as a destination management company until the end of 2014.
As tour operator and through sales, the FTI GROUP and the RT/Raiffeisen Touristik Group contribute their know-how. “This ensures that we can cover the entire range of services of a trip – from booking to accommodation to guest relations.
Due to the numerous flight capacities available on the market, we can forego having our own airline,” declares Gunz.
Orascom Development operates in eight countries and has substantial stake in the major Swiss project “Andermatt Swiss Alps”. As a whole, the company operates 35 hotels with over 8,000 rooms with most capacities at the Red Sea, in the Gulf region, and in Oman.
Dietmar Gunz remains majority shareholder of the FTI GROUP. The parties have agreed not to disclose any information on the purchase price.
Sawiris is also investing in the RT/Raiffeisen Touristik Group GmbH in Burghausen. “We are aiming for a long term cooperation,” explains Sawiris.
ODH and the FTI GROUP have a large portfolio of hotel beds. The FTI GROUP daughter, Meeting Point International, will be operating in 20 destinations and 59 locations worldwide as a destination management company until the end of 2014.
As tour operator and through sales, the FTI GROUP and the RT/Raiffeisen Touristik Group contribute their know-how. “This ensures that we can cover the entire range of services of a trip – from booking to accommodation to guest relations.
Due to the numerous flight capacities available on the market, we can forego having our own airline,” declares Gunz.
Orascom Development operates in eight countries and has substantial stake in the major Swiss project “Andermatt Swiss Alps”. As a whole, the company operates 35 hotels with over 8,000 rooms with most capacities at the Red Sea, in the Gulf region, and in Oman.
The RT/Raiffeisen Touristik Group GmbH’s tourism network is very broad : From travel agency to consolidator to operator – numerous tourism companies belong to the Upper Bavarian enterprise with up to 100 percent.
The focal point lies in agency distribution. Over 7,000 partner agencies are connected to the company group.
The travel agency cooperation rtk is the largest travel sales organization in Germany and one of the leading ones in Europe, with 3,500 independent partners.
With its brands, the FTI GROUP is the fourth largest travel operator in Germany. FTI Touristik, as well as the last minute operator 5vorFlug, the rental car broker driveFTI, the online portal www.fly.de, the largest German language tour operator LAL Sprachreisen, the Destination Management Company Meeting Point International, and the operator for promotional products BigXtra, belong to the FTI GROUP.
The consolidator FTI Ticketshop is responsible for scheduled flight ticket sales while FTI Cruises bundles the cruise business with the flagship MS BERLIN. The FTI GROUP has consolidated its franchise systems in its one-hundred-percent subsidiary Touristik Vertriebsgesellschaft mbH (TVG).
Other important distribution channels are the travel shopping channel sonnenklar.TV and the British online B2B provider for hotel bookings, Youtravel. In Austria FTI is represented by a subsidiary in Linz, while FTI Touristik AG is located in Basel, Switzerland.
Since 2012, the French tour operator FTI Voyages belongs to the FTI GROUP. The service center erf24 and travianet handle bookings from the FTI GROUP and external customers.
Throughout Germany about 10,000 travel agencies sell FTI products. Headquartered in Munich, the FTI GROUP employs about 3,500 staff worldwide and achieved sales volumes of 2.1 billion euros in the fiscal year 2012/13.
The focal point lies in agency distribution. Over 7,000 partner agencies are connected to the company group.
The travel agency cooperation rtk is the largest travel sales organization in Germany and one of the leading ones in Europe, with 3,500 independent partners.
With its brands, the FTI GROUP is the fourth largest travel operator in Germany. FTI Touristik, as well as the last minute operator 5vorFlug, the rental car broker driveFTI, the online portal www.fly.de, the largest German language tour operator LAL Sprachreisen, the Destination Management Company Meeting Point International, and the operator for promotional products BigXtra, belong to the FTI GROUP.
The consolidator FTI Ticketshop is responsible for scheduled flight ticket sales while FTI Cruises bundles the cruise business with the flagship MS BERLIN. The FTI GROUP has consolidated its franchise systems in its one-hundred-percent subsidiary Touristik Vertriebsgesellschaft mbH (TVG).
Other important distribution channels are the travel shopping channel sonnenklar.TV and the British online B2B provider for hotel bookings, Youtravel. In Austria FTI is represented by a subsidiary in Linz, while FTI Touristik AG is located in Basel, Switzerland.
Since 2012, the French tour operator FTI Voyages belongs to the FTI GROUP. The service center erf24 and travianet handle bookings from the FTI GROUP and external customers.
Throughout Germany about 10,000 travel agencies sell FTI products. Headquartered in Munich, the FTI GROUP employs about 3,500 staff worldwide and achieved sales volumes of 2.1 billion euros in the fiscal year 2012/13.
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