Magazine

Weddings, parties, anything. No, events are serious business – and the politicians are finally getting it!

INTERVIEW: Hybrid meetings and smart-phone apps boil down to better business meetings

Events industry ‘benefits from the weaker dollar’ but we still have a way to go to match Asian bids

COMMENT: We have top-class consular aid - and we shouldn’t ever abuse it

ICESAP on track to double membership, sees need to ‘improve professionalism’

Australia-based alternative association could focus on research, technology and trends

Login
SEC
ITB Asia 2015
AMITE 2015
Accor Hotels
Central Apartments
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.

 
Join us on Facebook
Follow us on Twitter
Tourism Philippines
Tourism Philippines
Regal Hotel
Grace Hotels
PCO
Central Apartments
{alt}