NextTrip Closes Acquisition of 49% Stake in Travel Agency Five Star Alliance; Shares Rise

MT Newswires Live

2025/02/12

NextTrip (NTRP) said Tuesday it completed its acquisition of a 49% stake in luxury travel agency Five Star Alliance.

The company expects the acquisition to be accretive to earnings.

NextTrip said it has secured an option to acquire full ownership of Five Star on or before April 7 as part of the transaction.

NextTrip shares were up 5.6% in recent trading.

Price: 5.30, Change: +0.28, Percent Change: +5.58

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