Poland’s Orbis Travel stunned the markets and the nation on 29 September by filing for bankruptcy. The cause of the company’s financial meltdown was the refusal by majority owner Enterprise Investors to infuse any more cash into the troubled travel agency. Enterprise acquired Orbis Travel from former owner Orbis SA in January of this year. [...]

In keeping with its vision for a consolidated tourism industry in Central Europe, Warsaw-based Enterprise Investors has inked a deal to acquire Poland’s Orbis Travel. Once the acquisition is complete, Enterprise will own just over 95% of Orbis and plans to continue operating under the well-known and trusted Orbis brand name. The deal must still [...]