Itaka buys Czech's Čedok
11:02
Polish tour operator Itaka finalized on Tuesday the takeover of its Czech peer Čedok, Rzeczpospolita informed. The value of the transaction hasn't been revealed."Čedok is the most recognizable tourist brand in Czechia and we are number one in Poland. The Czechs like to travel and we will do everything to offer them an unrivaled product. We are confident that we will achieve a financial success in the near future. For Itaka it is a good investment and a great challenge," said Mariusz Jańczuk, CEO and co-founder of Itaka.
The sale of Čedok is a part of the investment strategy of its owner Odien, who is doing away with the tour operating and will focus on the hotel industry.
