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Travelport selling GTA business to focus on core business

Travelport has reached an agreement to sell its GTA business, one of the world's largest wholesalers of ground content, to Kuoni for USD720 million. The agreed sale is in line with Travelport's strategic plan to focus on maximising the potential of its core business. The sale GTA to Kuoni will significantly de-lever Travelport.

In trading on Monday, shares in Expedia were up 1.1%, while Amadeus gained 2%.

Selected Others daily share price movements (% change): 07-Mar-2011