Helloworld, AOT merger back on the table

Helloworld, AOT merger back on the table

Helloworld and the AOT Group are once again engaged in discussions regarding a potential transaction.

In a statement today released to the Australian Stock Exchange, Helloworld referred to reports in the Australian Financial Review that it was planning to acquire AOT Group, and confirmed that talks are once again underway. The talks stalled back in September when Helloworld announced it has been “unable to reach agreement with the AOT shareholders on acceptable terms”, and terminated discussions, prompting AOT to contemplate an IPO.

However, the two companies are once again working on a transaction, with shareholders said to be in favour of such a deal which would create a business with more than $20 million annual profit and $400 million revenue.

“HLO confirms that it has recommenced discussions with AOT regarding a potential merger transaction,” it said.

“The evaluation of any merger is still in progress and there is no certainty that these discussions will lead to any transaction.”

The company confirmed it would update the market in line with its disclosure obligations, and stressed that it is “committed to the long-term growth” of the business.

Email the Travel Weekly team at traveldesk@travelweekly.com.au

Latest News

  • Destinations
  • News

APT Launches 2025 Asia Adventures

APT has launched its Asia Adventures for 2025, including new luxury holidays in India, Sri Lanka and Japan. Five new tours lead guests to the highlights of India, including a seven-night cruise along the rarely travelled Lower Ganges aboard the Ganges Voyager. Further south, Sri Lanka’s greatest destinations are revealed on a new 15-day Land […]

  • Cruise
  • Luxury
  • News

Seabourn announces Western Kimberley Traditional Owners as Godparents of Seabourn Pursuit

Seabourn has named Western Kimberley Traditional Owners, the Wunambal Gaambera, as Godparents of the ultra-luxury purpose-built Seabourn Pursuit. It is the first cruise line to appoint Traditional Owners as godparents of a ship. Seabourn Pursuit embarks on its inaugural season in the Kimberley region this June. The naming ceremony will take place on Seabourn Pursuit’s […]

  • Luxury

Malolo Island Resort opens brand new Spa

Fiji’s Malolo Island has added another string to its bow – opening its $1.3 million day spa on Thursday, 18th April 2024. (Lead Image: matriarch Rosie Whitton with spa staff) Located at the edge of the resort’s luscious patch of tropical rainforest, the new “Leilani’s Spa” adds another level of elevated experiences to Malolo’s already […]