NewsWhore
12-01-2006, 04:00 PM
Negotiations between the Coral Tourist Corporation, owner of the Coral Hotels, and Grupo Globalia, owner of Air Europa, Viajes Halcon, and Viajes Ecuador are at advanced stage, according to Hoy newspaper. Hoy is also reporting that the BHD bank will not be part of the negotiations between the two companies because since October 2005 the BHD Group removed the non-financial companies that make up the company from its portfolio. The negotiations will instead be aided by the Tourist and Real Estate Investment Company (Grupo Intur), which the BHD Group created in order to fulfill the requirements mandated by the Dominican Financing System. The deal between the two companies looks to increase the amount of accommodations for clients, increase the values in service of both companies and penetrate new markets, taking advantage of the resources that both companies have.
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More... (http://www.dr1.com/index.html#9)