Weddings, parties, anything. No, events are serious business – and the politicians are finally getting it!
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Events industry ‘benefits from the weaker dollar’ but we still have a way to go to match Asian bids
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Australia-based alternative association could focus on research, technology and trends
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.
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