ONLINE BUDGET accommodation group Web Reservations International (WRI) generated revenues of €39.3 million last year, during which it was acquired by US private equity firm Hellman Friedman for over €200 million. Subsequent to the acquisition the Irish companies in the group, including Hostelworld.com, have been acquired by a Luxembourg-based entity HF Wings Lux 1. Accounts just filed at the Companies Registration Office show the Luxembourg company acquired all shares in WRI Holdings for €202.5 million in shares and cash.
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