Buzescu Ca, working with Fieldfisher, has advised Travelport on the sale of shares in its subsidiary Hotelzon Romania to TripStax Technologies. Stratulat Albulescu, working with Bird & Bird, advised the buyer.
According to Buzescu Ca, "the agreement to purchase the Hotelzon subsidiary also creates a long-term relationship between TripStax and Travelport, with the hotel booking platform continuing to generate bookings on the global distribution platform of Travelport."
Hotelzon Romania is a business-to-business hotel booking platform.
Travelport is an American-British company that provides distribution, technology, and payment solutions for the travel and tourism industry.
TripStax Technologies is a travel management company.
The Buzescu Ca team included Senior Associate Corina Papuzu.
The Stratulat Albulescu team was led by Managing Partner Silviu Stratulat and included Managing Associate Adrian Hlistei-Muresan and Associate Roxana Ioncu.