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New owner of Intourist travel agency to maintain brand, bring company public

The transaction on acquisition of Intourist by Neset Kockar was officially closed on November 14

MOSCOW, November 15. /TASS/. The new owner of Intourist Neset Kockar plans to maintain the brand of the travel agency and bring it public, a source in the company’s press service told TASS.

"Yes," the source said when asked whether the brand would be maintained, adding that "(Intourist) will also go public."

Neset Kockar is the second-biggest investor in Thomas Cook Group, as well as the owner of Anex Tourism. In the transaction with Intourist, it acts as a private investor. Meanwhile, no merger between Turkey’s Anex Tour and Intourist is planned, the press service noted.

As a result of Intourist acquisition, Neset Kockar will become the owner of Russia’s number one travel agency in terms of receiving foreign tourists, a source familiar with the transaction told TASS, adding that Intourist was not Anex Tour’s direct competitor on the Turkish market.

The transaction on acquisition of Intourist by Neset Kockar was officially closed late on November 14, according to Intourist. Previously the company was owned by Thomas Cook Group.

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