Government contracts key to Corporate Travel buyout
Liam WalshReporter
Corporate Travel Management is swooping on a second buyout in pandemic-stressed times, acquiring the business trip division of embattled Australian rival Helloworld and sending the target’s shares up 9.6 per cent.
The $175 million buyout price is at a higher multiple than Corporate Travel has typically paid and the key assets from Helloworld are its government contracts.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Tourism
Fetching latest articles