Reuters – Globalia Buys Orizonia

Spanish travel company Globalia has agreed to buy debt-laden peer Orizonia in a deal that will value the business at 141 million euros ($182 million) after lenders cut their debt claims substantially, Reuters reported Monday. Orizonia's value has tumbled since private equity firms Carlyle Group and Vista Capital bought the tour operator for about 900 million euros in 2006.

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