Magazine

PCO meet releases Sponsorship/Exhibition Prospectus for ACT

Backlash against ‘over-communication’ gathers market pace

Airports, roads, rail – they’re our backbone

Australasia next for GBTA’s GTP

Queenstown after-dusk flights not only good for MICE, but set a world-wide precedent

PCOA reports Australian membership at record high

Login
ITB Asia
Accor Hotels
Accor Hotels
Regal Hotels
Travelport wins large Singaporean investor
Thursday, January 21, 2010
Travel bookings firm Travelport (formerly Galileo GDS) has booked US$225 million investor ahead of its initial public offering (IPO) in London.

The company won the money from the Government of Singapore Investment Corp (GIC), which will take 7.19 per cent of the enlarged group.

The GIC injection values Travelport at around US$3.13 billion.

The IPO will see more than 50 per cent of Travelport's enlarged share capital sold to new investors, with the proceeds used to cut its US$4.1 billion in borrowings to a target net debt of US$2.3 billion.

 
{alt}