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LoveHolidays gets some cash for customer acquisition

By Martin Cowen

WeLoveHolidays Ltd has sold an undisclosed stake in UK-based OTA loveholidays.com to a private equity firm for an undisclosed sum.

A £180 million investment by investor Livingbridge into loveholidays was widely tipped a fortnight ago. The statement today from Livingbridge declines to mention the amount paid, or indeed what share of the business it now owns.

The release highlights that LoveHolidays is “the 6th largest ATOL holder in the UK” and is licensed to carry more than 800,000 passengers for the year to end-March 2019. The ATOL is actually held by the parent …read more

From:: Tnooz

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