FLT 0.53% $17.22 flight centre travel group limited

News: FLT Flight Centre Travel acquires majority stake in Australian online travel company

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    Dec 21 (Reuters) - Flight Centre Travel Group Ltd (FLT) :

    • Flt will initially subscribe for $2.52million of new shares in PPS
    • Flt will hold a 70% interest in Professional Performance Systems Pty Ltd
    • Says DVI will retain a 16.4% interest in PPS
    • Lenny Padowitz and his associates will hold the remaining 13.6% and he will continue to run the business as CEO"
    • Says Flight Centre acquires majority stake in Australian online travel company
                        
 
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