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Clifford Chance Badea Advises REWE/DerTour on Acquisition of Eurolines Romania Travel Agency Division

Clifford Chance Badea Advises REWE/DerTour on Acquisition of Eurolines Romania Travel Agency Division

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Clifford Chance Badea has advised Germany's REWE/DerTour group on its acquisition of the travel agency arm of Eurolines Romania.

The agreement was signed by the two groups in Romania, approved by the Competition Council, and is expected to be completed in Fall 2019. The transaction value was not disclosed.  

The DerTour Group is a tourism operator in Europe. Based in Germany, the group owns 30 companies in 15 countries. It has been present in Romania, through DerTour Romania, since 2004.

DER Touristik is part of the REWE Group, a trade and tourism corporation established in 1927 and based in Cologne, Germany. The group has over 15,000 stores and 2,400 travel agencies across the continent. The REWE Group's retail goods operations encompass REWE, Billa, Merkur, Bipa, Penny, Toom Baumarkt, and B1. Its tourism division, DER Touristik, includes sales lines ITS, Jahn Reisen, Travelix, Dertour, Meier’s Weltreisen, Kuoni, Der Reiseburos, Derpart, and Der Business Travel.

The Eurolines Group, which cover tourism and related services, has been present on the Romanian market since 1995. Eurolines Romania has 80 agencies, under such brands as TUI TravelCenter, Travel Brands, and Eurolines. The company was founded by Dragos Anastasiu in 1995.

The Clifford Chance team included Partner Nadia Badea, Counsel Loredana Ralea, Senior Associates Ecaterina Burlacu and Diana Crangasu, and Lawyer Maria Ciulica. 

Clifford Chance did not inform CEE Legal Matters which firm had advised the sellers.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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