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7th July 2014 : Mahindra Holidays & Resorts India Limited today signed definitive agreements with the shareholders of Holiday Club Resorts Oy, Finland to initially acquire18.8% of its shares with a right to increase its ownership over a period of two years. This initial acquisition will be completed in a month’s time subject to required regulatory approvals.

Holiday Club Resorts Oy (Holiday Club) is a leading vacation ownership company in Europe with thirty two resorts, twenty four of which are located in Finland, two in Sweden and six in Spain (1 in Costa del Sol and 5 in Gran Canaria). Seven of these resorts have spa hotels with indoor water parks, three have golf course and there are five indoor theme parks for children called ‘Angry Birds Activity Parks’.

For more information please visit www.holidayclubresorts.com/en/ 

Post completion of the transaction and as and when access arrangements for Club Mahindra members with regard to Holiday Club Resorts are worked out, the same would be informed to the members.

For more information please click here