Announced on November 20, Chocofamily Holding has become full owner of the merged travel company of Aviata and Chocotravel. The holding previously owned a 53% share of the business.
The details of the deal haven’t been disclosed, but the parties have described it as being unique for Kazakhstan.
«This is a precedent-setting deal, to make a multimillion exit five to six years after the start,» Ramil Mukhoryapov, CEO of Chocofamily Holding, wrote on his Facebook page.
Aviata.kz and Chocotravel.com merged in February 2018. Both companies had been dominating the market of online ticket sales. By the time of...