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
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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