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Hrvatski Telekom unit divests tourist firm E-tours

Hrvatski Telekom unit divests tourist firm E-tours Author: Hrvatski Telekom. License: All rights reserved.

ZAGREB (Croatia), November 28 (SeeNews) - Croatian telecommunications giant Hrvatski Telekom [ZSE:HT] said its subsidiary HT Holding has agreed to sell tourist company E-tours to local tour operator Uniline.

 The deal is expected to close on December 31, HT said in a filing with the Zagreb stock exchange from Wednesday.

The financial terms of the deal remained undisclosed.

The divestment is in line with the telecom's strategy of restructuring its  non-core business. 

HT purchased E-tours in 2006. It specialises in the sale of airplane tickets and organisation of corporate travel, which account for around half of its revenue.