Fundamental change in the online travel agency landscape in Europe this week following the completion of the merger of eDreams with GoVoyages and the addition of Opodo to the group.
AXA Private Equity and Permira Funds, the two investment giants behind the plan to bring the three OTAs together into a single corporate entity, claim the newly formed group is one of the biggest players in online travel in Europe.
Although the union between GoVoyages and eDreams was expected to complete without any problems, regulatory approval for the acquisition of Opodo from Amadeus was only given the green light by the European Commission at the end of May.
Read full story at: http://www.tnooz.com/2011/07/03/news/opodo-edreams-govoyages-lauded-as-new-european-agency-powerhouse/
