Douro Azul’s owner and businessman, Mário Ferreira, sold 40% off Mystic Invest Holding to Certares, an American investment fund focused on tourism and hospitality.
This deal is though to be evaluated in 250M€, an amount that has not been confirmed yet by Douro Azul’owner.
According to Exame, 175 of 250M€ will be used to inject capital and liquidity at Mystic Invest Holding as the other 75M€ will be handled to the parent company, Mystic Invest SGPS. Once this transaction is completed, Mystic Invest Holding will be valued at 625M€.
Mário Ferreira expressed his ambition for having Mystic to be quoted on the New York Stock Exchange within 5 years time. He estimates the company to be valued at 2Bn€ by then, a projection three times higher than its current evaluation.
The group owned by Mário Ferreira also controls Douro, Nicko Cruises and Mystic Cruises USA NEW.