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Brazilian travel agency CVC buys smaller rival for $13 million
December 29, 2016 / 8:55 PM / a year ago

Brazilian travel agency CVC buys smaller rival for $13 million

SAO PAULO (Reuters) - Brazilian travel agency CVC Brasil Operadora e Agencia de Viagens SA (CVCB3.SA) will buy smaller rival Experimento for 41 million reais ($13 million), the company said in a securities filing on Thursday.

    CVC’s controlling shareholders, Carlyle Group LP and Brazilian investor Guilherme Paulus, raised $381 million in August by selling part of their stakes in CVC.

    Reporting by Tatiana Bautzer; Editing by Steve Orlofsky

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