Foreign Expansion Fund FIZ AN signs agreement with Rainbow Tours to expand chain of White Olive hotels in Greece

Foreign Expansion Fund FIZ AN, managed by PFR TFI S.A., has concluded an investment agreement with Rainbow Tours S.A. on a joint investment in expanding the chain of White Olive hotels in Greece.

DZP lawyers supported Foreign Expansion Fund FIZ AN, managed by PFR TFI S.A., in negotiating and concluding the investment agreement with Rainbow Tours S.A. on a joint investment in the Rainbow Tours S.A. subsidiary managing hotel facilities in Greece.

The Foreign Expansion Fund is to invest EUR 9 million in the Greek White Olive A.E., with an option to increase this amount to EUR 12.5 million, in exchange for shares representing 49.9% of White Olive A.E.’s share capital. The funds will be allocated to expanding the chain of White Olive hotels in Greece.

This is another joint investment of the Foreign Expansion Fund and a Polish entrepreneur expanding operations outside Poland.

The project was run by Bartosz Marcinkowski, Partner and head of DZP’s Go Global project, Maciej Ciszkiewicz, Senior Associate, and Michał Kucharski, Associate, in the Corporate and M&A Practice, and also Joanna Wierzejska, Partner in the Tax Practice.