Helloworld Travel buys Show Group Enterprises

Company News

by Rachael Jones

Helloworld Travel (ASX:HLO) has bought Show Group Enterprises, a leading travel management specialist and freight logistics organisation servicing the entertainment, film, arts, fashion, corporate and sporting industries.

The Show Group business and assets have been acquired from the Avis Budget Group Inc. with the transaction executed and completed earlier this morning.

The consideration for the acquisition is $7.0 million cash which has been funded from cash and existing facilities.

Shares in Helloworld Travel (ASX:HLO) are trading flat at $6.00.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.