Unita Turism merger close to an end

The merger of the companies included in the Unita Turism hotel chain will produce an entity with more than $120m in assets and will be finalised in July-August, Marius Pintilie, marketing manager with Unita Turism told Ziarul Financiar. Unita Turism holds the majority stake in 14 hotel companies, with 27 hotels in its portfolio. The group last year posted consolidated revenues worth ten million dollars and envisions 20% growth for 2003. The largest company in the Unita Turism portfolio is Turism Transilvania Cluj-Napoca, listed on the second tier of the Bucharest Stock Exchange. Josef Goschy (pictured above) is the owner of Unita Turism. ZF