Helloworld Travel Limited (ASX:HLO) set to acquire CruiseCo - Sequoia Direct Pty Ltd

23NovNovember 23, 2020

Helloworld Travel Limited (ASX:HLO) set to acquire CruiseCo

Helloworld Travel Limited (ASX:HLO) has entered into an agreement to acquire cruise wholesaling specialist, CruiseCo.

CruiseCo is a specialist cruise package wholesaler founded 20 years ago.

Prior to the onset of Covid-19, the business had annual total transaction value of circa $70 million from its member agents throughout Australia.

HLO also announced today it has renewed its partnership with Qantas with a new three-year commercial agreement to sell the national carrier’s fares and products until 2023.

Shares in Helloworld Travel Limited (ASX:HLO) are trading 3.35 per cent higher at $2.78.

Copyright 2020 – Finance News Network

Source: Finance News Network

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