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

by admin

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.

Read More

You may also like

Leave a Comment

Travel more for a lot less!

GET ALERTS STRAIGHT TO YOUR EMAIL. TRY IT.

TravelSaverXL.com - Travel Agents worldwide

Looking to book an international flight? You probably want to get the best price (don't we all!) for the best possible flight. Here is why you should choose Travel TravelSaverXL.com for your business trip or family vacation:

Best Service from TravelSaverXL.com

With a global knowledge base, superior booking leverage, and a global knowledge base, TravelSaverXL.com can offer you the best possible service for:

  • Finding the best prices on flights.
  • Being your advocate before, during and after travel.
  • Providing you with high-quality information about your trip.
  • Giving you travel tips and ideas.

TravelSaverXL.com - Travel Agents worldwide Know the Best Itineraries

Taking a vacation to Sri Lanka, Costa Rica, Europe or any international spot is a considerable investment. Sometimes the best "deal" might not actually be the best use of your time and money. Experienced travel agents know the best itineraries for travels and tours and they can make sure you not only get the best deal but the best possible holiday trip.

Relax, You are in Good Hands

Your best bet for a good price and a great time? Save time and money by letting a highly-connected and experienced Travel Agent from LA make your plans for you. Know what that means? When you let your travel agent take care of your plans, you just get to relax and have a wonderful time!

[smbtoolbar]

Got a Question?

    Copyright TravelSaverXL.com © 2019. All Rights Reserved