RT/Raiffeisen Touristik Group has sold its business travel subsidiaries BTO24 Business Travel Organizer GmbH, Air Travel Reiseservice (ATR) GmbH and Reisebüro Koch Übersee GmbH as well as the business travel activities of Globetrotter Reisebüro to a holding entity in which Berlin-based Aerticket group holds a substantial stake. The transaction enables RT/Raiffeisen Touristik Group to focus on its core competence, the distribution of leisure travel. The annual revenues of the sold activities amount to roughly Euro 100 million.
RT/Raiffeisen Touristik Group GmbH is a tourism holding of VR meine Raiffeisenbank eG and the Egyptian Investor Samih Sawiris. RT/Raiffeisen Touristik Group and its subsidiaries employ approximately 3,000 employees and generate a touristic revenue of about Euro 5.0 billion.
EGO HUMRICH WYEN advised the sellers on the sales process.