Acquisition

IHG Hotels & Resorts has acquired German hotel chain Ruby, with plans to expand the brand to over 120 hotels worldwide by 2030, including new markets in the USA and Asia

The hotel chain strengthens its presence in the Italian market with the opening of Leonardo Boutique Hotel Rome Monti, its ninth property in Italy. Yoram Biton, CEO of Leonardo Hotels Central Europe: “We are not only strengthening our presence in Rome but also continuing our strategic investment in developing the Italian market.”

Approved transaction of a capital increase of 325 million euros by Deutsche Lufthansa AG to ITA Airways completed: Lufthansa Group holds 41% of ITA Airways shares, expanding its offerings as the fifth airline in the network. Carsten Spohr: “We look forward to continuing the impressive success story of ITA Airways together"

The Israeli tourism company acquires 25% of the shares in the Cypriot airline TUS Airways from Global Wings and American businessman Kenneth M. Woolley. How much will the deal cost?