Clifford Chance Badea has advised the German-based REWE / DerTour group with retail and tourism activities, in relation to the acquisition of the travel agency arm of Eurolines Romania.
DerTour is one of the largest tour operators in Germany and Austria, offering individual holidays on a flexible modular basis. The DerTour product portfolio includes tours to long-haul and European destinations, specialised tours, city tours and events. It is currently the market leader in Germany and Austria for many long-haul destinations – particularly North America.
The multidisciplinary project team included Nadia Badea (Picture), partner, Loredana Ralea (lead counsel), senior associates Ecaterina Burlacu (M&A) and Diana Crânga?u (on competition law issues), and Maria Ciulica, lawyer.
The Bucharest office has advised the German group throughout the entire process, starting with the structure and due diligence stage, regulatory assistance, drafting, negotiating and signing of related documentation, as well as notifying the transaction to the competition authorities. The deal involved the analysis of competition aspects in several jurisdictions, thus requiring coordination with specialized lawyers from other Clifford Chance offices.
Law Firms: Clifford Chance;
Clients: REWE / DerTour;