CEFC eyes stake in Internet holiday company Invia: report

Chinese investment group CEFC is prepared to take a sizeable shareholder stake in Czech Internet holiday sales company Invia.cz, the daily newspaper Dnes reported on Wednesday. Vice-president of CEFC, Marcela Hrdá, said a stake of up to 90 percent could be taken but current owner Rockaway would probably keep a 50 percent shareholding. The purchase appears to be part of a wider strategy where Chinese tourists would be transport to the Czech Republic, hosted in local hotels, and transported on to other European destinations.

Author: Chris Johnstone