HELLOWORLD Travel has completed the acquisition of a controlling stake in Perth-based outbound travel wholesaler, Asia Escape Holidays (TD 10 May).
The company announced last month that it would purchase a 60% stake in Asia Escape Holidays, which chief executive officer and managing director Andrew Burnes said complements HLO’s existing wholesale range.
The deal saw close to 190,000 HLO shares issued to the vendor, which are to be held in escrow until 31 May 2019.
Source: traveldaily