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    HomeNewsBusinessCompaniesCox & Kings likely to acquire UK-based Holidaybreak

    Cox & Kings likely to acquire UK-based Holidaybreak

    Cox & Kings is all set to acquire UK-based company Holidaybreak, reports CNBC-TV18. Sources say Cox & Kings may have to pay at least 450 million pounds to land the English company.

    July 26, 2011 / 16:18 IST
       
       
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      Cox & Kings is all set to acquire UK-based company Holidaybreak, reports CNBC-TV18. Sources say Cox & Kings may have to pay at least 450 million pounds to land the English company.


      The news sent shares in Holidaybreak racing ahead by more than 15%.


      Analysts say Holidaybreak's education travel business, which includes the brands PGL, NST and Berlin-based Meininger, offers huge appeal.


      Its portfolio includes camping brands Eurocamp and Keycamp, an adventure holidays business including the Explore brand, and the Superbreaks hotel breaks division.


      Meanwhile, Cox & Kings has declined to comment on a CNBC-TV18 query regarding the reports.


      Shares of the travel company opened strong on the bourses, up 2.97% at Rs 206.

      first published: Jul 26, 2011 09:59 am

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