The Hogg Robinson Group, with head offices in Basingstoke, saw the The Emirates Group taking a stake in the corporate travel market with a subsidiary of the Dubai based company taking an 18.7 per cent stake this week.

Dnata, bought 57.3m shares and said the stake was “for investment purposes” stating that it had no intention of making a formal offer for Hogg Robinson and intended to be “a long-term, supportive shareholder”.

However, it added that it reserved the right to make an offer for the travel management company.

Hogg Robinson issued a statement in response, saying it had worked successfully with Dnata for several years “and welcome them as a long-term supportive shareholder in HRG”.

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Hogg Robinson Group (HRG), with head offices in Basingstoke, has announced preliminary financial results for year ending March 2008, reporting a growth in sales, inline with company expectations. The award winning corporate services company that provides a range of business travel related products and services, highlighted the following points: (more…)