U.S capital risk fund TA Associates is set to buy Spain's first Internet travel agency eDreams this week, financial newspaper Expansion said on Monday.

TA Associates will pay more than 100 million euros ($126.1 million) for the travel portal set up in 1999, Expansion said.

Some 45 percent of eDreams' capital is owned by the management team of the agency, founded by Spaniard Javier Perez-Tenessa and American co-founder James Hare, and 55 percent by Spain's largest bank Banco Santander and various national and international capital risk funds.

Headquartered in Barcelona, Spain, the company was founded in 1999 and concentrates on bringing packages of the best selection and prices for flights, hotels and vacations to customers in Spain, Italy and France who use eDreams Internet search and booking services. In terms of online market share eDreams is number one in Southern Europe and has served more than six million customers.

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