SÃO PAULO – Westwing (WEST3) signed this Tuesday , 28, a memorandum of understanding for the purchase of 100% of the share capital of Zarpo, an online travel agency. The company works with in partnership with hotels, resorts, inns and airlines. The value of the transaction was not disclosed.
According to Westwing, Zarpo works through a model based on three main pillars: curatorship, attractive prices and excellence in service level.
“The acquisition of Zarpo (through the completion of the operation) is more an important step in our strategy of expansion in lifestyle categories with great adherence to our mission: To inspire each person to discover more beauty in their lives”, states the company in a material fact.
Through this strategy, Westwing intends to continue the journey of expansion of the addressable market that allows it to conquer new customers through commercial synergies between the platforms and better serve the base of more than 9 million of registered users at Westwing.
The final pricing and closing of the transaction are subject to legal and financial audit to be carried out by company, within an estimated period of 75 days, that may be extended if the parties deem it necessary. Additionally, the completion of the transaction is subject to approval by the appropriate authorities and the signing of definitive documents.TOP 3 analyst in short-term profitability shares its exclusive method on the Stock Exchange
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