Almundo completes 100% acquisition of Avantrip

The Brazilian company CVC Group, owner of Almundo, informed the Brazilian Securities and Exchange Commission that it acquired the remaining 39.94% stake in Grupo Bibam (with Biblos, focused on luxury tourism Avantrip, an online agency), both based in Argentina. CVC Corp becomes the most influential travel group in Latin America with this purchase, which already has ten brands. Seven business units in Brazil and three in Argentina.

Source: Ámbito