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An announcement from Helloworld Travel Ltd ( (AU:HLO) ) is now available.
Helloworld Travel Limited has completed its acquisition of Mobile Travel Holdings, increasing its ownership to 100% with a total investment of approximately $50 million. This strategic move is expected to enhance Helloworld’s Total Transaction Value by $440 million annually and strengthen its position in the Australian mobile retail travel broker market. The acquisition also includes the appointment of Lesley Owen as Group General Manager, ensuring continuity and growth in the business.
The most recent analyst rating on (AU:HLO) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Helloworld Travel Ltd stock, see the AU:HLO Stock Forecast page.
More about Helloworld Travel Ltd
Helloworld Travel Limited is a leading travel distribution company operating in Australia, New Zealand, Fiji, and Greece. It offers a wide range of services including retail leisure and business travel networks, travel broker networks, destination management services, air ticket consolidation, tourism transport operations, and wholesale travel services. The company supports its operations with both proprietary and non-proprietary distribution systems.
Average Trading Volume: 286,375
Technical Sentiment Signal: Sell
Current Market Cap: A$276M
See more insights into HLO stock on TipRanks’ Stock Analysis page.
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