E-commerce : Dégriftour bought by Lastminute.com

There is some movement in the travelling cyber world. Dégriftour, the leader of broken price sales by Minitel, and which became the French number one for online travels was bought by the British group Lastminute.com, a specialist in e-commerce. The purchase has been announced on Monday,August 14th . The transaction reaches 98 million Euros. The first part will be paid thanks to money, and the second part by about 20 millions of new Lastminute.com stocks. Francis Reversé, the Dégriftour founder holds about 78% of the capital, what is left is in the board of directors hands.Lastminute.com, which wants to become the third European firm dealing with e-commerce was very pleased to make the transaction: ”It allows us to reach objectives in France that without it we would have reached them in two or three years”, the CEO Brent Hoberman declared in a release Dégriftour broadcast.