Lastminute.com sold to Bravofly Rumbo for $120 million
Sabre has managed to offload its European online travel agency Lastminute.com to the Bravofly Rumbo Group.
The binding offer to acquire the OTA is expected to hand Sabre $120 million and will close in the first quarter of 2015.
The acquisition will include all of Lastminute.com’s operations in the UK, France, Germany, Spain and Italy.
Sabre announced in August of this year that it was exploring “strategic options” for the company it acquired in 2005 for £577 million.