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Booking to buy Etraveli for approximately €1.63 billion

Christian Fernsby |
Booking Holdings announced that it has entered into an agreement with funds managed by CVC Capital Partners to acquire flight booking provider, Etraveli Group, for approximately €1.63 billion.

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Completion of the acquisition is subject to certain closing conditions, including regulatory approval.

"As international air travel rebounds from the impact of the pandemic, we look forward to building upon our existing relationship with Etraveli Group to make the travel booking experience easier and more seamless to support our partners and customers," said Booking Holdings' Chief Executive Officer, Glenn Fogel.

"Booking Holdings pioneered the travel space more than two decades ago and they continue to pave the path forward by developing solutions to create seamless travel experiences," said Mathias Hedlund, Etraveli Group's Chief Executive Officer.

"We have had a fantastic time together with our current owner CVC, establishing Etraveli Group as a global provider of attractive flight options at affordable prices. We are thrilled to become a part of Booking Holdings, and we look forward to the next chapter of our own development as we continue to enhance the flight booking experience for our customers and partners worldwide."

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