Corporate Travel Management rises as competition regulator approves Helloworld deal

Helloworld Travel

03/03/2022 01:15

** Shares of Corporate Travel Management  CTD.AX  rise as
much as ~2% to A$22.35 
    ** Australian Competition and Consumer Commission (ACCC)
says it will not oppose CTD's proposed acquisition of Helloworld
Travel Ltd's  HLO.AX  corporate travel management unit (https://bit.ly/3hzqTJo)
    ** Helloworld shares also jumped ~6% following the news
    ** HLO had last year announced the divestment for an
enterprise value of A$175 million (https://bit.ly/3C6Ny9g)
    ** CTD has inched 1.2% higher so far this year, while HLO
fell ~10% 

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))