Sawiris’ largest company in Europe files for bankruptcy
FTI Group, the third-largest tour operator in Europe, has filed for bankruptcy with the Munich District Court. The company, majority-owned by Egyptian businessman Samih Sawiris with a 75.1 percent stake, was overwhelmed by debt and supplier demands, according to a statement released by the company and reported by Reuters. FTI has opened a hotline and …
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Egypt Independent
June 7, 2024
