Cedok bought by US company

The biggest Czech travel agent Cedok has been bought by the US company Odien. It has acquired a 98-percent stake in the firm from the Czech-owned Uminex Group, which has controlled Cedok since 1995. A spokesperson for Odien said the company expected tourism to see dynamic growth in central and eastern Europe, and that it would use Cedok as a base for its further expansion in the region.