Deal for dnata to buy Travel 2 parent approved
Emirates-owned dnata has gained the green light from regulators for its takeover of Stella Travel Services.
The deal, announced last month, was subject to approval by the European Competition Commission.
The purchase includes Stella Travel Services’ five brands: Travelbag, Travel2, Sunmaster, Global Travel Group and Triton Rooms.
The five businesses will become part of the growing dnata travel portfolio which includes Gold Medal and online travel agency Travel Republic.
A dnata spokeswoman confirmed that “we have now received regulatory approval of our purchase of the entire issued share capital of Stella Travel Services”.
This will allow the deal to be completed, possibly by early next week.
Iain Andrew, divisional senior vice president of dnata’s travel business, said: "The EU regulatory approval of dnata’s acquisition of Stella Travel Services is a substantial milestone in both companies histories.
"The combined strengths of dnata and Stella will deliver significant benefits for the travel trade industry in the UK and the UAE."
Stella Travel Services chief executive Andrew Botterill added: "We are thrilled to receive regulatory approval to become part of the dnata family. The acquisition is a firm commitment to the UK travel industry and the deal will accelerate Stella’s growt