Transat checking out of Ocean Hotels expects 190M from partner H10 Hotels

MONTREAL – Travel company Transat A.T. Inc. (TSX:TRZ) has signed a deal to sell its 35 per cent share of Ocean Hotels for about $190 million.The buyer is Spanish company H10 Hotels, Transat’s partner in the joint venture, which operates resorts in Mexico, Dominican Republic and Cuba.Shares in Transat jumped more than 10 per cent after the agreement was announced.Transat says the proceeds from the sale of its minority interest in Ocean Hotels as well as the sale of some of its operations in France and Greece last year will help support the development of its own hotel operation.The deal is expected to close by Nov. 2.Transat CEO Jean-Marc Eustache said being a minority owner was no longer “an interesting use” of the company’s capital.“Our hotel division will take shape in the near future, including with the hiring of a president to lead it,” Eustache said in a statement.“We are very excited at the idea of moving forward with this priority initiative for the company.” Transat checking out of Ocean Hotels, expects $190M from partner H10 Hotels by The Canadian Press Posted Jul 19, 2017 9:25 am MDT Last Updated Jul 19, 2017 at 10:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Gislason criticizes Filip Jicha Lovgren and Ahlm would never act like him

THW Kiel coach Alfred Gislason pubicly critized “Zebras” Ex-captain Filip Jicha for behaviour and further departure from the club last summer, when he signed for FC Barcelona: – If we had known this in April, we would have let Rasmus liquor never go to Flensburg,”, Gislason told to German handball magazine HANDBALL INSIDE.-The other option would have been to say: ‘you have to stay. ‘And that would have guaranteed ended with a giant theater. “, said Icelander, who concluded with comparation with some former legends of the club:-Lövgren and Ahlm would never have acted like that. ← Previous Story Boris Denić is no longer RK Maribor coach! Next Story → Vote for the Handball Moment of the Week #2 Alfred GislasonFilip JichaTHW Kiel read more