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Kuoni boosts European stake


KUONI’S rash of European deals has continued with the acquisition of a Danish tour operator and four-branch travel agency for an undisclosed sum.



The deals for Dane Tours and Kisbye Rejser further strengthen Kuoni’s position in Scandinavia where it recently bought a 45% stake in Swedish operator Apollo Resor.



Dane Tours specialises in the US, Thailand and city breaks and is based on scheduled flights. It carried 50,000 passengers in 1999.



A Kuoni spokesman: “This expands our core scheduled business which has excellent growth prospects in Scandinavia.”



The travel agencies are based in east Denmark, giving Kuoni extra distribution.



The two operations had a combined profit in 1999 of around £250,000.


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