Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
GTW-Grimm Touristik Wetzlar is insolvent
September 29, 2020
GTW-Grimm Touristik Wetzlar has filed an application for preliminary insolvency proceedings at the Wetzlar Local Court. GTW is one of the leading package tour operators in Germany. The reason for the insolvency is the standstill of all travel due to the Covid 19 pandemic. According to GTW, it can be assumed that operations can be continued. Orders are sufficiently available, the company is well organized and has a team of 50 FTEs.
ⓘ This story was originally featured in our daily M&A Insights newsletter.
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