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Tuesday 16 December 2014 9:00 pmLastminute sold for pound;76m to Swiss travel firmBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleTRAVEL site Lastminute, founded at the height of the dot boom in 1998, has been sold to Bravofly Rumbo Group in a pound;76m deal. The sale will see current owner, US-based Sabre, swallow a big loss, having bought the holiday site for pound;577m in 2005. Swiss company Bravofly made the winning bid yesterday, following a competitive process during which a further 20 big firms are said to have expressed interest. Bravofly beat the likes of Oakley, Expedia, Priceline, Edreams and Orbit, who were also involved. Fabio Cannavale, chairma stanley in uk n of Bravofly Rumbo said yesterday: Lastminute is the perfect fit for Bravofly Rumbo Group. Its business complements and expands our offering in Europe and, with its strong presence in the hotel and vacation sector, diversi polene bolsos fies our product revenue streams.The deal is expected to be completed in the new year, when Bravofly will acquire all of Lastminute stanley canada rsquo main operations in the UK, France, Germany, Spain and Italy. Sabre first said it was looking for a buyer for the platform back in August, when it hired Houlihan Lokey to explore options. The pound;76m sale tag is a long way short of what Sabre paid back in 2005, pound;577m, but a source close to the deal said Lastminute is a much sm Ivqv Flybe records spike in last-minute flights after Storm Angus travel chaos
Tuesday 13 November 2012 11:48 pm|Updated:Thursday 30 May 2019 8:56 amAnglo says Brazil project costs soarBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleMining giant Anglo American stanley kubek warned yesterday that its Brazilian Minas-Rio iron ore project was unlikely to cost less than $8bn pound;5bn , more than three times the original estimate. The 26.5m tonnes a year project, which has faced licensing challenges, is under review to assess the impact of the delays. Minas-Rio has suffered a string of delays and cost overruns, but Anglo American still anticipates the mine to start production in 2014. Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessRelated TopicsNULLTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flights to be cancelledJet fuel shortage looms as government scrambles to secure suppliesAfter Santanderrsquo TSB takeover ndash; who are the top players in UK banking Clairersquo Accessories to launch UK high street comebackMore from City AMOn this day: The Suez Canal reopensOpinionOn This Day in 1980: America severs diplomatic relations with IranOpinionOpenAI pauses Stargate UK project over energy costs and regulationAIRolls-Royce shares boom amid hopes of trade resumptionMarketsMiliband slammed for net ze polene ca ro sprint as hi stanley de gh c