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

Company News

by Rachael Jones

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.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.