The European Commission (EC) has today officially declared that it is prohibiting the proposed acquisition of Etraveli Group, by Booking Holdings (Booking). The European Commission's conclusion is that the acquisition of Etraveli Group by Booking would have resulted in Booking further consolidating its position in the market for hotel online travel agencies (OTAs) in the European Economic Area (EE
Booking Holdings Inc. (NASDAQ: BKNG) today announced that it has entered into an agreement with funds managed by CVC Capital Partners ("CVC") to acquire global flight booking provider, Etraveli Group, for approximately €1.63 billion. Completion of the acquisition is subject to certain closing conditions, including regulatory approval.
Through SkyNRG’s Board Now program Etraveli Group flies its staff on sustainable aviation fuel (SAF); this 5-year commitment brings a strong reduction of business air travel CO2 emissions.
Etraveli Group, originating out of Sweden, today announced they have acquired the Canadian based air tech company TripStack and the OTA Flight Network, thereby consolidating its position as one of the most successful tech plays within flights
Etraveli, the global flight-centric and data-driven online travel platform, today announced that it will join forces with e-Travel. The newly-combined company will help achieve Etraveli’s goal of becoming Europe’s leading online travel company. Etraveli was acquired by CVC Capital Partners’ Fund VI in August 2017.
CVC Capital Partners (“CVC”) today agreed to acquire Etraveli, the global flight-centric online travel agency (OTA), for 508 million Euro from ProSiebenSat.1. The German media company paid 235 million Euro for the company in October 2015 when it was purchased from Segulah.
