Organisation: CNG

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

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business

MBO of CNG Travel clears final hurdle

business

Takeover interest boosts CNG

business

CNG chief King in bid for software company

Troubled online travel agency set for €15.8m refinancing package

TROUBLED online travel agency CNG is preparing a $20 million (€15.8m) refinancing package.

Thu, 27 Jul, 2006

CNG borrows to survive

CO Kerry-based online reservations company CNG Travel is reportedly looking to refinance its borrowings to help fund an expansion of its profitable US operations, in a bid to stay afloat.

Mon, 03 Jul, 2006

Smurfit steps down as director of travel group

PAPER and packaging tycoon Michael Smurfit has stepped down as a director of the struggling CNG Travel Group.

Tue, 24 Jan, 2006

CNG Travel’s first-half losses €13m higher than the same period last year

CNG Travel, the Kerry-based online reservations company, has seen its losses swell to nearly $22 million (€18.2m) in the first half of the year.

Fri, 30 Sep, 2005

CNG report further losses

Kerry-based travel group CNG has reported a pre-tax loss of $22.3m (€18.4m) for the six months to the end of June.

Thu, 29 Sep, 2005

Fexco in talks on travel firm takeover

FINANCIAL services firm Fexco is believed to be involved in takeover talks with the struggling online reservations group CNG Travel.

Tue, 16 Aug, 2005

CNG shares soar 13% after takeover approach

SHARES in CNG, the Kenmare-based online travel firm, shot up nearly 13% yesterday after the company said it had received a takeover approach.

Fri, 29 Jul, 2005

CNG receives takeover approach

The Board of travel group CNG has confirmed an "informal and unsolicited" approach has been made for the company.

Thu, 28 Jul, 2005

Resignation sparks 10% drop in CNG

SHARES in CNG Travel dived 10% to new lows yesterday after the Kenmare-based travel reservation group’s chief executive resigned unexpectedly.

Thu, 23 Jun, 2005

Bumpy ride for travel firm chairman

CNG TRAVEL directors had a stormy time as they faced down shareholders for the first time as a public company yesterday.

Thu, 23 Jun, 2005

CNG Travel shares hit by profits warning

SHARES in CNG Travel, the online bookings company, lost nearly a third of their value yesterday after a profits warning.

Sat, 18 Jun, 2005

CNG signs network travel deal

TRAVEL reservation software group CNG has signed a five-year extension to its deal with Sabre Travel Network.

Fri, 01 Apr, 2005

Small firms to get market

THE Irish Stock Exchange’s specialist market for smaller companies will open for business next month, it emerged yesterday.

Fri, 25 Mar, 2005

Kerry-based travel group adds to its stock

Travel group CNG has added hundreds of hotels to its booking programmes.

Wed, 16 Feb, 2005

CNG Travel signs hotels’ agreement

CNG TRAVEL has signed distribution agreements with three more major hotel chains to add to the stock of hotel rooms sold through the company over the internet.

Fri, 21 Jan, 2005

CNG shares jump 9% on Leading Hotels deal

SHARES in travel reservations software company CNG Travel jumped 9% yesterday after the company signed a major deal that will see its technology used in the world’s top five-star hotels.

Tue, 21 Dec, 2004

CNG signs agreement with top hotel chains

CNG Travel Group today announced it has signed distribution agreements with two hotel chains, Swiss Quality Hotels and Sol Meliá Hotels.

Mon, 29 Nov, 2004

CNG Travel feels the squeeze

CNG TRAVEL yesterday blamed a pick-up in global economic conditions for a squeeze on margins that will hurt full-year revenues and cause the Kerry travel software group to miss market forecasts.

Tue, 23 Nov, 2004

Interest puts CNG in the red

ONLINE reservations firm CNG Travel booked a loss of €7.22 million in the first six months of the year.

Thu, 30 Sep, 2004

CNG report pre-tax losses

CNG, a Kerry-based online travel group, has reported pre-tax losses of $8.9m (€7.2m) for the first half of this year.

Wed, 29 Sep, 2004

CNG Travel buys PlacesToStay for $12.5m

KENMARE-based CNG Travel snapped up a US hotel bookings company as part of its expansion plan.

Fri, 20 Aug, 2004

CNG pays $12.5m for Places ToStay

Online travel and technology business CNG Travel Group has completed the acquisition of the business and assets of PlacesToStay (PTS), the PlacesToStay brand and more than 140 Uniform Resource Locators (URLs), for $12.5m (€10.1m).

Thu, 19 Aug, 2004

CNG report $2.6m losses

KENMARE-BASED CNG Travel Group yesterday signed a strategic partnership with Japanese conglomerate Sojitz and reported losses of $2.6m for 2003.

Tue, 29 Jun, 2004

CNG announces Japanese partnership

Irish online travel and technology business CNG today signed a strategic partnership with Sojitz Corporation to distribute its hotel programme into the Japanese market.

Mon, 28 Jun, 2004

CNG floats today on AIM

The Irish online hotel reservation company CNG floated on London's Alternative Investment Market this morning. It hopes to raise over €30m.

Fri, 07 May, 2004

CNG flotation to raise $32.5m

CNG TRAVEL, the Kenmare-based online hotel booking company, is expected to be valued at $120-$140 million when it floats on London's Alternative Investment Market (AIM) next month.

Thu, 22 Apr, 2004

CNG announces two additions to the board

Irish travel group CNG has announced that Dr Micheal Smurfit and Mr Ralph Manaker are joining the board of the company as non-executive directors, with immediate effect.

Mon, 19 Apr, 2004

Smurfit to invest €4 million in CNG travel group ahead of flotation

FORMER Jefferson Smurfit chief executive Michael Smurfit is to invest €4 million in the Kenmare-based CNG Travel Group, which will float on London's Alternative Investment Market next month.

Mon, 19 Apr, 2004

CNG aims to float on AIM

The Dublin-based travel software company CNG is planning to float on the alternative investment market (AIM) of the London stock exchange.

Mon, 22 Mar, 2004

CNG floatation hopes to raise €65m

A KENMARE company that sells hotel rooms over the internet hopes to raise up to $80 million (€65 million) when it floats on the London stock exchange next month.

Mon, 22 Mar, 2004