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Top related persons:
Foo Yun Chee - 2 “ - 1 Didier Reynders - 1 Emma Rumney - 1
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BRUSSELS Brussels
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Holdings - 3 European Commission - 3 Thomson - 2 EU - 2 ETraveli - 1 Etraveli - 1 European - 1 Sweden's - 1

Search resuls for: "Etraveli"


3 mentions found


☆ EU antitrust regulators veto Booking's ETraveli deal
  + stars: | 2023-09-25 | by ( ) www.reuters.com   time to read: 1 min
BRUSSELS, Sept 25 (Reuters) - EU antitrust regulators on Monday blocked Booking Holdings' (BKNG.O) proposed 1.63-billion-euro ($1.7 billion) acquisition of Swedish peer ETraveli Group, saying the deal would have strengthened the former's dominance in the market for hotel online travel agencies (OTA). The European Commission, which acts as the competition watchdog in the 27-country European Union, said Booking's remedies were not sufficient to address its concerns, confirming a Reuters story earlier this month. ($1 = 0.9405 euros)Reporting by Foo Yun CheeOur Standards: The Thomson Reuters Trust Principles.
Persons: Foo Yun Chee Organizations: Holdings, ETraveli, European Commission, Thomson Locations: BRUSSELS
☆ EU Commission Blocks Booking's Planned Acquisition of Flight Booking Provider Etraveli
  + stars: | 2023-09-25 | by ( Associated Press | Sept. | At A.M. | ) www.usnews.com   time to read: +1 min
BRUSSELS (AP) — The European Union's executive arm said Monday it is blocking leading U.S. online travel agency Booking from acquiring Sweden's flight booking provider Etraveli Group because it would have allowed it to increase its dominant position on the market on the continent. The European Commission said it had warned Booking Holdings about its concerns but that the remedies offered by the company were not sufficient. “Bans are rare, and today’s decision is in fact the first merger to be blocked this year,” EU Justice Commissioner Didier Reynders said. According to the European Commission, online travel agencies handle transactions worth more than 100 billion euros ($106 billion) per year. Political Cartoons View All 1176 Images
Persons: “, Didier Reynders Organizations: Etraveli, European Commission, Holdings, EU Locations: BRUSSELS
☆ Travel agency Booking to defend ETraveli deal at July 7 EU hearing
  + stars: | 2023-07-06 | by ( Foo Yun Chee | ) www.reuters.com   time to read: +1 min
Booking announced its bid for peer Etraveli, owner of the brands Gotogate and Mytrip and operator of airline content distribution services provider TripStack, in November 2021. The European Commission said last month the deal will make it harder for rivals to compete with market leader Booking, by reinforcing its position in hotels and further expanding its reach into travel services like flights and car rentals. Booking will attempt to address regulators' concerns at a closed hearing in Brussels on Friday, Booking told Reuters via email. Senior officials from the EU competition watchdog and national antitrust agencies, as well commission lawyers, will participate in the hearing. Booking may have to offer remedies following the hearing to prevent a veto on the deal.
Persons: Foo Yun Chee, Emma Rumney Organizations: Holdings, European, Sweden's, Booking, TripStack, Capital, European Commission, EU, Thomson Locations: BRUSSELS, Brussels
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