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New Deal


Announced

Logitravel to merge with Viajes El Corte Inglés.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Spain

Domestic

Pending

Private

Friendly

Merger

Travel and Tourism

Majority

travelling services

Acquisition

Synopsis

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Logitravel, a global travel business, agreed to merge with Viajes El Corte Inglés, an operator of a retail department store group. Financial terms were not disclosed. “It will be a benchmark in certain products, such as Disney or cruises, and it will have a strong presence in Spain, Portugal, France, Germany and Latin America. This is the starting point of a company that is created with great ambition and with a roadmap in which new alliances are contemplated that could be added to the project," El Corte Inglés.

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