Wirtualna Polska to buy stake in eSky travel agent

WSE-listed media group Wirtualna Polska signed a conditional agreement to acquire for PLN 15.6 million a 6.3 percent stake in online travel agent eSky.pl, the companies said in a market filing. “The transaction represents a consistent implementation of the strategy to increase the share of e-commerce in revenue and WP Group EBITDA and eSky Group's development strategies,” the statement said. eSky is a leading online travel agent (OTA), focusing on the sale of airline tickets, hotels and car rental services. Currently, the service is available in 18 global markets and is visited by 180 million users per year. For 2016, eSky had a PLN 1.3 billion turnover of PLN 1.3 billion and PLN 14.5 million EBITDA.