An official handout announced that the acquisition required the transfer of many travel agencies to Sawiris, adding that he's currently one among the leading names within the German tourism industry.
Samih’s shares in RT are estimated at 74.9 percent, and therefore the travel company’s annual sales are estimated at 3.5 billion euros. RT includes the Otto Resland brand, Thomas Cook Netherlands, and 700 other private travel agencies.
Thomas Cook, one among the world’s oldest travel and tour companies, announced its collapse in September 2019.
As of my last update in January 2022, I do not have information on billionaire Samih Sawiris acquiring Thomas Cook Germany. Samih Sawiris is an Egyptian billionaire businessman known for his investments in the tourism and real estate sectors.
Thomas Cook, on the other hand, was a British global travel group that went bankrupt in September 2019. After its collapse, various parts of the company were acquired by different entities. Thomas Cook Germany might have been acquired by another company or investor, but I don't have specific information on Samih Sawiris acquiring it.
For the latest and most accurate information regarding this acquisition, I would recommend checking reputable news sources or the official websites of Samih Sawiris and Thomas Cook Germany.
0 Comments