Andrew Burnes, founder of Australia’s largest inbound travel travel company, AOT Group, has increased his stake in listed retailer Helloworld to 10.2%. Mr Burnes bought 15.5m HLO shares at 36 cents each in an off-market transaction from UBS and Europe Voyager.

UBS now has a 7.4% stake in HLO, Europe Voyager 23.3%. Spiros Alysandratos from Consolidated Travel is the other major shareholder with around 20%.

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