has agreed to sell its 50% stake in Rumbo to Orizonia Corporación, a leading company in the Spanish tourism sector. The other 50% of Rumbo will continue to be
owned by Telefónica, the Spanish telecommunications company. Orizonia and Telefónica have applied to the EU competition authority for
approval of the agreement; the authority is expected to give its judgement within approximately four weeks.
"We are very pleased with the acquisition of Rumbo and the alliance with Telefonica which it implies,"
said Gabriel M. Subías, CEO, Orizonia Corporación. "This is a very important step in the consolidation of our new online division and we are very proud to now be
working with Rumbo on this exciting project."
"Rumbo has been extremely successful from the beginning, and is now one of the leading online travel agencies in Spain, Portugal and
Latin America," added Philippe Chérèque, Senior Vice President, Corporate Strategy, Amadeus.
"But for some years now, Amadeus has been consolidating its online travel agency interests around Opodo, and, while we see a bright
future for Rumbo, we consider that now is a good time to hand over the company to new owners so that they can grow it further."
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