Business | Tourism

DNATA buys stake in Hogg Robinson

Dubai National Air Travel Agency, a state-owned aviation company, bought a 19 percent stake in Hogg Robinson Group Plc, the U.K. business-travel agency founded by a wine merchant in 1845.

  • Bloomberg
  • Published: 10:14 June 28, 2008
  • Gulf News

Dubai: Dubai National Air Travel Agency, a state-owned aviation company, bought a 19 percent stake in Hogg Robinson Group Plc, the U.K. business-travel agency founded by a wine merchant in 1845.

DNATA acquired 57.3 million shares, the Dubai-based company said in a statement distributed by the Regulatory News Service today. It has "no current intention'' of making a takeover offer for Basingstoke, England-based Hogg Robinson, according to the statement.

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