Home Travel News & Insights Reservation’s Etraveli offer faces full-blown EU antitrust probe, sources state

Reservation’s Etraveli offer faces full-blown EU antitrust probe, sources state

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BRUSSELS, Nov 10 (Reuters) – Online travel bureau Booking Holdings Inc’s (BKNG.O) 1.63- billion-euro ($ 1.7 billion) quote for Sweden-based Etraveli Group deals with a major EU antitrust examination, individuals acquainted with the matter stated.

Booking revealed the proposed acquisition of personal equity company CVC Capital Partners-owned Etraveli in November in 2015.

Etraveli uses search, reservation and fulfilment services of flights through its customer brand names Gotogate and Mytrip and likewise runs airline company combination business TripStack.

The European Commission, which has actually been evaluating the offer considering that Oct. 10, will open a thorough examination at the end of its initial evaluation on Nov. 16 since of competitors issues, individuals stated.

Booking had till Wednesday to use solutions however did refrain from doing so, a filing on the Commission site revealed on Thursday.

The EU competitors guard dog decreased to comment.

Booking stated: “We have actually been and continue to work carefully with the European Commission.”

Britain’s antitrust firm cleared the offer unconditionally in September.

($ 1 = 0.9829 euros)

Reporting by Foo Yun Chee; Editing by Elaine Hardcastle

Our Standards: The Thomson Reuters Trust Principles.

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