Czech competition agency approved acquisition of Čedok by Polish Itaka

The Czech anti-monopoly office on Thursday approved the acquisition of the oldest Czech travel agent Čedok by Polish tour operator Itaka. The former owner of Čedok, US-based Odien Group, is stepping out of the tour operator market altogether to focus on hotels and resorts. According to server e15.cz, the new owner paid over half a billion crowns for the acquisition. With turnover reaching around 2.0 billion last year, Čedok is estimated to rate as the country’s fourth biggest tour operator.