The international team of Eversheds Sutherland assisted in one of the most significant transactions on the Czech tourism market in the last decade, the acquisition of CK Fischer.
Eversheds Sutherland provided comprehensive advice to German company DER Touristik Group of the REWE Group on the acquisition of Czech travel company CK Fischer from the KKCG Group. The firm's assistance consisted in performing due diligence, negotiating acquisition contractual documentation, completion of the transaction and other related legal advice. The transaction has been completed on 4 May 2020 following the approval of antitrust authorities in the Czech Republic and Austria.
“We were honoured to assist in the expansion of the travel and tourism division of the REWE Group into Czech Republic and support them in their ambition to become the first choice holiday provider in Europe,” says Jiří Kokeš, attorney who led the Czech team of Eversheds Sutherland. “Our knowledge and wide experience with jurisdictions in numerous European countries assured smooth realization of this important transaction.”
DER Touristik Group headquartered in Cologne, Germany, is one of the Europe's largest tourism companies, with turnover of EUR 6.7 billion in 2018. Currently, DER Touristik Group employs 10,900 people in 16 countries. Besides Exim Tours, its parent company, REWE Group, also owns the Billa and Penny supermarket chains in the Czech Republic.
CK Fischer is the largest Czech travel company with sales of more than CZK 6 billion last year. CK Fischer also includes the NEV DAMA, eTravel and Privileq brands.
Eversheds Sutherland is a Top 15 global law firm. It employs more than 5,000 people over 69 offices in 34 jurisdictions in Europe, the USA, Africa, Asia and the Middles East. www.eversheds-sutherland.com