The travel group Travco said on Thursday it had acquired Germany's Steigenberger Hotels as part of efforts to expand its international operations.
The Egyptian firm did not disclose a value for the deal, citing an agreement between the two family-owned firms.
Travco owns 43 hotels in Egypt and the United Arab Emirates. Steigenberger operates 81 hotels in Germany, Austria,Switzerland, Italy, the Netherlands and Egypt.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment