SHARES in Northwich holiday firm Holidaybreak will be de-listed today, signalling the completion of its takeover by Indian luxury tour firm Cox & Kings.
It follows an announcement on July 27 this year that the Cheshire firm had agreed an acquisition price of £312m from Prometheon Holdings (UK), a wholly-owned subsidiary of Cox & Kings, for the entire issued and to be issued share capital of Holidaybreak.
The court sanctioned the deal last Thursday and it finalised details yesterday afternoon after the earlier suspension of dealings in Holidaybreak shares.
Holidaybreak is an education and activity travel group with operations in the UK and other major European markets and more than 15 established brands including the likes of education travel specialist PGL and tour operator Explore.
Cox & Kings specialises in luxury tours of the Far East, particularly India, and can trace its history back to 1758.
