Spanish GED Capital fund takes over Happy Tour

The transaction has already been approved by the Competition Council, and is the first sale on the local tourism agency market.

“Information regarding shareholder structure and the investment is confidential, and we cannot say anything,” according to a statement to Business Standard by the President of Happy Tour, Nicolae Demetriade. Demetriade went on to say that this move will allow the company to develop further, as the fund will invest in both people and technology. He added that the present Happy Tour team will remain unchanged.