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Corporate Travel Management pays $45 million for stake in Westminster Travel

12/06/2013| 9:59:10 AM| 中文

Corporate Travel Management, an Australia-based travel technology provider, has acquired 75.1% of Westminster Travel, Hong Kong-based corporate travel solutions provider.

This agreement is for $44.8 million and effective from 31 January 2014.

The two current major shareholders of Westminster Travel – Dato WONG Sin Just and YU Kam Kee Lawrence MBE – will retain 24.9% stake in the business following settlement.

Corporate Travel Management (CTM) founder and managing director, Jamie Pherous, says:

Read full story at: http://www.tnooz.com/article/corporate-travel-management-westminster-buy

TAGS: Westiminster Travel | CTM | Business Travel | Acquisition
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