Helloworld Travel Limited (ASX:HLO) agreed to acquire 40% stake in Phil Hoffmann Travel Pty. Ltd. on May 2, 2023. The acquisition will be funded from Helloworld existing cash reserves. Helloworld also has the option to acquire the remaining 10% of Hoffmann?s shareholding in the next three years. Phil Hoffmann, Peter Williams and their team as they continue to support their customers in the years ahead. The transaction is expected to settle early July 2023.

Helloworld Travel Limited (ASX:HLO) acquired 40% stake in Phil Hoffmann Travel Pty. Ltd. for AUD 1.5 million on August 25, 2023.