Wirtualna Polska acquires 75% of shares in Nocowanie.pl for PLN 22 mln

Grupa Wirtualna Polska (WP) has acquired 75 percent of the shares in Nocowanie.pl for PLN 22 million, the company said in a statement. "Wirtualna Polska not only strengthens its position as the leader on tourism e-commerce leader, but also reduces a short-term income fluctuations because of  the turbulence in foreign tourism.  We joined a team of experts in domestic tourism, which will support further growth, driven by the changing habits of ordering accommodation services by Poles," Wirtualna Polska Holding's President Jacek Świderski commented on the acquisition. Nocowanie.pl is the largest marketplace of accommodation facilities in Poland. In the last 12 months, it recorded revenues of PLN 8 million, EBITDA stood at PLN 3.3 million.