Amount corresponds to US$ 19.50 per share; transaction between Prosus and Despegar should be completed in the 2nd quarter of 2025
To a Dutch company owners of brands such as e announced this Monday (Dec 23, 2024) that it had signed a purchase agreement with controller of the $1.7 billion travel platform Decolar.
In a statement, Prosus said that the amount corresponds to US$ 19.50 per share – which is equivalent to a premium of 33% over the closing price of the shares on December 20th. The transaction is expected to close in the 2nd quarter of 2025. Here is the and notes (PDF – 131 kB).
Decolar operates in more than 19 countries in Latin America and serves customers on two platforms: one for the general public, which works on the website and app; and an area for companies, which offers personalized services for partners such as banks, airlines and stores.
“Despegar is a highly profitable company, with an attractive market position and an experienced management team making it a natural addition to our presence in Latin America. We will accelerate Decolar’s growth by leveraging the extensive customer touchpoints within our portfolio, together with our operational expertise and advanced AI capabilities,” said Prosus Group CEO Fabricio Bloisi.
The transaction was carried out under customary terms and conditions for transactions of this nature and is subject to customary closing conditions, including the approval of Decolar’s shareholders and the receipt of necessary regulatory approvals.
