Helloworld Travel anticipates acquisition of the Magellan Travel Group by end of Feb-2018

Helloworld Travel Limited announced (02-Feb-2018) that it anticipates the acquisition of the Magellan Travel Group, as announced on 19-Dec-2017, will complete by the end of Feb-2018. Helloworld Travel CEO Andrew Burnes stated: "We initially believed the transaction would settle in January however due to some complexities with the Magellan membership structure it has taken longer than initially anticipated for Magellan to complete the transaction. We are confident that the transaction will now complete by the end of the month". Mr Burnes also confirmed that Helloworld Travel will release its half yearly results on 19-Feb-2018. [more - original PR]