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Cox & Kings agrees deal for Holidaybreak

Cox & Kings agrees deal for Holidaybreak

Cox & Kings has agreed to acquire Holidaybreak plc through its wholly own subsidiary Prometheon Holdings. Under the terms of the acquisition, Holidaybreak shareholders will receive 432.1 pence in cash per share – valuing the company at £312 million.

Holidaybreak mulls disposals as sales fall

Specialist tour operator Holidaybreak has appointed KPMG to search for potential buyers for several subsidiaries as it seeks to focus on its education division. Superbreak – short-stay trip organiser – and Explore – adventure holidays provider – could both be sold, as Holidaybreak centres on its residential outdoor education and its PGL brands.

Holidaybreak expands PGL with £31m share offering

19 June 2009 Press Release Hotel News

Niche travel group Holidaybreak, best known for its Eurocamp and Superbreak brands, has unveiled plans to raise £31 million from shareholders as it bids to acquire new sites for PGL, its outdoor activities business.

Holidaybreak names new head as Ayling calls it a day

10 April 2009 Press Release Hotel News

Former British Airways chief executive, Bob Ayling is stepping down as chairman of UK travel group, Holidaybreak, in what he confirms will be his last directorship of a British public company.John Coleman, the former chief executive of House of Fraser, will take over from Ayling on May 1.