Egyptian Travco Group buys stake in Poland’s Alfa Star

Egyptian travel sector group Travco has agreed to acquire 30 percent in Polish peer Alfa Star, the company said in a press release on Thursday. The deal value was not disclosed. The Egyptian firm said that it may increase its holding in Alfa Star in the future. “This marks a steppingstone for expanding our business in the Eastern European source market, thereby enhancing tourism arrivals from Poland to Egypt,” said Travco Group president Hamed El Chiaty.