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Consortium led by Certares acquires financial liabilities of FTI Group

FTI Group

The agreement follows the signing of the Investment Agreement dated 16 April 2024

MUNICH – Following the signing of the Investment Agreement dated 16 April 2024 between the Certares-led consortium of investors and FTI Group, FTI announces that the Consortium signed definitive documentation to acquire financial liabilities of FTI following a market-based process, including loans and other financial support. The transaction is related to the comprehensive reorganization of FTI. Together with the contribution of new equity capital from the Consortium totaling EUR 125 million, FTI’s financial position and capital reserves have been materially strengthened. This will provide the Company with ample resources for current operations, support its next phase of growth and facilitate digital transformation plans.

The transaction as a whole is still subject to customary regulatory approvals and other conditions precedent that are typical for transactions of this type.

Vicky Karantzavelou
Co-Founder & Chief Editor - TravelDailyNews Media Network | Website

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

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