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Nov 28, 2019 16:11 EEST
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.
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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.
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