A PYMNTS Company

EU Set To Warn Booking Over Etraveli Deal

By  |  May 25, 2023

According to Reuters, Booking Holdings is anticipated to receive an EU antitrust warning regarding its proposed acquisition of Etraveli Group for 1.63 billion euros.

The European Commission is expected to send a statement of objections regarding the potential anti-competitive effects of the takeover by the companies it oversees.

According to sources, a final decision has not been reached yet. The document in question puts pressure on companies to provide solutions to the issues at hand.

Read more: EU Opens In-Depth Probe Of Booking Bid For Sweden’s Etraveli

The EU antitrust watchdog has not provided any comments regarding the decision on the deal, which is expected to be made by Aug. 30.

Booking said: “We have been and continue to work closely with the European Commission.”

In November 2021, Booking made public its plan to acquire Etraveli, a private equity firm owned by CVC Capital Partners.

Etraveli is the owner of Gotogate and Mytrip brands, and also operates the airline integration company TripStack.