Cendant buys two leading names in travel industry

Two leading names in the travel industry were today bought for $1.1bn (€822,900) – the second major UK deal by US giant Cendant this month.

Cendant buys two leading names in travel industry
Thu, 16 Dec, 2004 - 14:04

Two leading names in the travel industry were today bought for $1.1bn (€822,900) – the second major UK deal by US giant Cendant this month.

The acquisition of Gullivers Travel Associates and Octopus Travel Group comes just a fortnight after a £209m (€304.4m) offer for online travel specialist ebookers was announced.

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CourtsBusinessHeathrowPlace: UKPlace: EuropePlace: JapanPlace: ChinaPlace: LondonPlace: RiyadhPlace: BeijingPlace: GenevaPlace: New-YorkPerson: David BabaiPerson: Eddie FaithPerson: Uzi KattanPerson: BabaiOrganisation: CendantOrganisation: Gullivers Travel AssociatesOrganisation: Octopus Travel GroupOrganisation: GulliversOrganisation: Octopus TravelOrganisation: Days InnOrganisation: AvisOrganisation: Octopus
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