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Travelport cancels £1.2bn float on market uncertainty

02/13/2010| 11:35:03 AM| 中文

Travelport, the American airline and hotel reservations company, last night pulled its £1.2 billion float on the London Stock Exchange in the face of faint investor appetite.

The move does not bode well for Blackstone, Travelport’s private equity owner, in view of its planned initial public offering (IPO) of another of its assets — Merlin, which runs Madame Tussauds and Legoland, next week.

Read the full story at http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article7022751.ece

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