Helloworld Travel (ASX:HLO) today announced that it has sold its Los Angeles based travel Wholesale business to Down Under Answers, a well-established travel wholesaler based in Seattle.
Neither the sale price or the business are material to Helloworld’s results.
The sale of the US operations follows on from a Management review which concluded that this operation would be better managed locally in light of current circumstances.
The sale was completed on 30 June 2020.
Shares in Helloworld Travel (ASX:HLO) are trading 6.11 per cent higher at $2.43.