Blackstone is reportedly considering a possible float of Gullivers Travel Associates, the travel agent, on the London Stock Exchange as part of a review of the Travelport business that it acquired last year. - (2/19/2007)
As per the information available, Blackstone is believed to have given the green light for investment banks to conduct preparatory work on a sale or float of the entire business, or a break-up involving a float of Gullivers and Ebookers in London and a separate offering of Orbitz on the New York Stock Exchange.
According to thisismoney.co.uk, a stock market listing is one option being considered as part of a strategic review of the travel business. “UK banks have been asked to look at the company's options. Also being considered is a break-up of the group. It could float wholesale travel agent Gullivers, originally a UK company, on the London Stock Exchange with an estimated value of ￡500m, with Orbitz listing separately in New York,” it reported.
