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Brazilian loyalty program operator CVC Brasil Operadora e Agencia de Viagens SA has agreed to acquire three Argentine travel companies for about million, CVC said on Wednesday, in line with its international expansion strategy. In a securities filing, CVC said it signed a memorandum of understanding to purchase Servicios de Viajes Y Turismo Biblios SA and Avantrip.com, both controlled by Grupo Biblos America, or Bibam, in an operation worth about .375 million. The firm also signed a memorandum of understanding to purchase Argentina's Ola Transatlantica Turismo in a deal worth about .04 million.
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