Report by John Lavabre
FIRST Choice is to acquire the controlling share in Italy
and Spain specialist Citalia.
First Choice will take a 75% share in Citalia while the
remaining 25% will be held by its managing director Camillo De Simone. First
Choice has the option to acquire the remaining 25% over the next three years.
Citalia’s management team will remain with the company
following completion of the deal.