Helloworld Travel Limited (ASX: HLO) has acquired a 5.015% stake in Webjet Group (ASX: WEB), amounting to nearly 19.7 million shares, through purchases made between April 10 and May 9, 2025. The shares were bought at 80 cents each, reflecting a substantial premium—40.4% over Webjet’s undisturbed April 24 price and 72% above its April 7 low .
This acquisition positions Helloworld to potentially influence any future takeover bids or strategic decisions involving Webjet, especially given recent interest from other parties. Notably, a trade executed by Macquarie Capital on behalf of a likely suitor sought a 5% stake but ended up with only 1.8%, suggesting attempts by other entities to gain significant influence over Webjet .
Webjet has faced challenges recently, including a 7.7% drop in share value this year following a demerger and a profit downgrade at WEB Travel Group, coupled with headwinds from rising interest rates impacting consumer travel . Helloworld's strategic investment could be seen as a move to capitalize on these challenges, potentially aiming for greater influence or future opportunities within the travel industry.
As of now, Helloworld has not publicly disclosed detailed intentions regarding this stake acquisition. However, the move aligns with its history of strategic investments aimed at expanding its footprint in the travel sector.
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