Ana Maria Barroso
maria.barroso@economico.pt
The Luxembourg Court gave the green light to the sale. The transaction should be completed in October.
The Holy Spirit Travel (Travel ES), the Rioforte, will be sold to Springwater. In a statement issued today, the group said it received “green light of the Court of Commerce of Luxembourg, which will realize the sale in October.
Rioforte, led by John Feather, which does not advance the values of the sale.
“The Holy Spirit Travel will become an asset of Springwater, which reinforces their investments in the tourism sector,” said the statement, adding that this Swiss investor “wants to affirm as an important player in the Iberian tourism market. “
Rioforte recalls that” in January, the Springwater closed an agreement with Royal Caribbean, having acquired a majority stake in all businesses of Pullmantur, except cruise business. “
” The transaction, expected to be completed in October, was duly examined and approved by the Court of Commerce of Luxembourg, where last July 22 at Fort River filed an application for the procedure Controlled Management “, the statement concluded. The Economic had advanced earlier in the month that the Springwater was one of two finalists for the purchase of ES Travel. The sale of this business was advised by BES I and the PLMJ.
In the race will come to be eight proposals between national and foreign entities, including international funds and companies in the most diverse regions of the world such as Brazil, Angola, Spain and UK sector.
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