United Kingdom
United States
Asia Pacific
Buyout offer received by Tzell Travel owners
Monday, 29 Jul, 2005
0
An undisclosed offer has been made for CNG Travel Group, owner of Tzell Travel agency, one of the largest US corporate travel agencies.
Based in Dublin, CNG confirmed it had received an “informal and unsolicited approach” which may or may not lead to an offer for the company.
“The approach is very preliminary in nature and there can be no certainty that an offer will ultimately be forthcoming,” a statement said.
This follows the CNG’s June announcement that it would dispose of its loss-making business to consumer leisure division.
CNG, which raised £22 million with a float on the London Alternative Investment Market in May 2004, said a further announcement will be made in due course.
Related News Stories:
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled