Wirtualna Polska acquires 75% of shares in Nocowanie.pl

Online media group Wirtualna Polska Holding has acquired 75 percent of the shares in Nocowanie.pl for PLN 22 million, the company said in a statement. "Wirtualna Polska has not only strengthened its position as the leader in tourism e-commerce, but has also reduced 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 an online accommodation agency, the largest marketplace of accommodation facilities in Poland. In the last 12 months, it generated revenues of PLN 8 million and EBITDA of PLN 3.3 million.