Helloworld may acquire AOT Group.
Helloworld has just issued a formal ASX announcement confirming speculation it is in talks with AOT Group about potentially acquiring the business.
The move follows a report in today’s Financial Review which discussed a “potential corporate transaction involving the AOT Group”.
Helloworld says the “evaluation of the potential acquisition is still in progress…no transaction has been agreed or approved by the HLO Board and there is no certainty that the current discussions will lead to any transaction”.
Earlier this year interests associated with AOT owners Andrew and Cinzia Burnes acquired a 10% stake in Helloworld, with other major shareholders including Spiros Alysandratos’ Sintack Group, Qantas, UBS and CVC.
More information in Travel Daily as it comes to hand.