Transat Seeking Buyers For Its French, German Tour Operations
Transat says it is seeking
indications of interest from 3rd parties that could lead to the sale
of its tour operating business units in France and Greece.
The company says it is not in
negotiations at this point and that a deal may not be found. If buyers are
located, however, Transat says the transaction would have no impact on Transat
Tours Canada’s transatlantic program or on TS operations and growth, including
its presence in France.
Transat says it
maintains its growth objectives as a leisure carrier between Europe and Canada
and that any potential transaction “is aligned with the company’s 2015-2017
strategic plan, which emphasizes profitable growth in the Americas, through the
development of its tour operating, distribution and hotel businesses.”
company says it does not intend to provide any further public updates regarding
this matter prior to the completion of the process or unless it otherwise
determines disclosure is appropriate.