MONTREAL, June 1, 2021 /CNW/ – Transat A.T. Inc. (“Transat” or the “Corporation”), 70% shareholder of TraficTours Canada Inc. (“TraficTours”), announced today that it has acquired on May 31, 2021 the 30% minority interest in the incoming tour operator held by the minority shareholder, following a mutual agreement between the two parties. The purchase price is for an amount lower than the amount booked in Transat’s financial statements on account of the option to purchase such minority interest. The minority shareholder had the option to require Transat to purchase the minority interest since 2019. The manager of TraficTours and its subsidiaries remains in place to ensure the operations run regularly.
TraficTours offers excursions and other services to vacationers in Mexico, the Dominican Republic and Jamaica. By becoming sole shareholder, Transat is strengthening its inbound services in three of these key markets.
Transat hakkında
Transat A.T. Inc. is a leading integrated international tourism company specializing in holiday travel. Under the Transat and Air Transat banners, the Corporation offers vacation packages, hotel stays and air travel to some 60 destinations in over 25 countries in the Americas and Europe. Transat is firmly committed to sustainable tourism development, as reflected in its multiple corporate responsibility initiatives over the past 14 years and obtained Travelife certification in 2018. The Corporation is based in Montréal (TSX : TRZ).
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Source: https://canadianaviationnews.wordpress.com/2021/06/01/transat-majority-shareholder-of-trafictours-canada-inc-since-2007-acquires-the-remaining-30-of-the-incoming-tour-operator/
