Dubai’s Dnata Buys Stake In UK Hol­i­day Firm

Gulf Business - - GCC TODAY -

Air travel ser­vices provider dnata, part of Emi­rates Group, said that it has ac­quired a ma­jor­ity stake in Imag­ine Cruis­ing, a UK-based hol­i­day firm. The com­pany did not dis­close the value of the deal or the ex­act size of the stake it pur­chased.

Imag­ine Cruis­ing is a cruise and stay hol­i­day dis­trib­u­tor that works with all ma­jor in­ter­na­tional cruise lines. Com­ple­tion of the deal re­mains sub­ject to merger con­trol clear­ance in South Africa. Dnata and Imag­ine Cruis­ing will con­tinue to op­er­ate in­de­pen­dently pend­ing com­ple­tion.

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