WEB web travel group limited

News: WEB Webjet Ltd announces sale of Zuji

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    Nov 9 (Reuters) - Webjet Ltd (WEB)

    • Sale of Zuji and full year earnings guidance
    • Sale of Zuji for $56 million to Hong Kong based travel technology group
    • Fy17 ebitda guidance of $78 million - includes $60 million for continuing businesses
    • Entered into an agreement to sell Zuji businesses in Hong Kong and Singapore to Reckon Holdings Limited and Sharp Focus Pacific Ltd
    • Webjet will provide transitional services on a fee-for-service basis for 12 months to assist with smooth transition of businesses to new owners
    • Remain on track to deliver more than $11 million ebitda from our b2b businesses during 2017 financial year
    • $26 million gain on sale of Zuji
    • Sale of Zuji and full year earnings guidance-web.ax
 
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Last
$4.45
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