Online travel agency On the Beach has raised £67.3 million through the issuing of new shares on the London Stock Exchange.
On the Beach has created 26 million new “placing shares” which represents about 19.9% of company.
The OTA said that the new cash would give it “even greater resilience, flexibility and firepower through the current downturn” as the travel industry battles to combat the impact of the Covid-19 pandemic.
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