Mall of America

Published on Friday, August 1, 2014

Travelport increases stake in payment solutions business


Travelport has increased its ownership stake in eNett International, a payment solutions business for the travel industry.

Since it signed a joint venture for eNett with PSP International in 2009, Travelport has held a majority stake of 57% whilst PSP International held the remainder.

Travelport has now elected to buy an additional 16% from PSP International, raising its holding to 73% in a deal valuing eNett at $450m.

At the same time, PSP International has entered into a long-term agreement with eNett to provide various banking services to the company.

"eNett is a significant element in realising Travelport's goal to redefine travel commerce, enabling a range of state-of-the-art and innovative alternative payment methods for B2B transactions which represent a considerable global market opportunity," said Travelport president and CEO Gordon Wilson.

"Travelport felt that the time is right to own more of this growing business and this deal provides the opportunity for the two shareholders in eNett to play to their respective strengths."

Story Image



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story


NOTE: Comments are subject to admin approval before being posted.
Mole Poll
'Ryanair UK pilots offer to call of strike' - Who is your sympathy with ?
Pilots 50.78 %
Ryan Air 49.22 %

Thank you for your vote


LATEST MOLES' PODCAST

Mayflower 400 ... the big event for the
UK 2019/20... experts talk about how to sell it

TravelMole talks to Missing People Charity

Tom Garzilli CMO [email protected]
talks to Graham McKenzie about
Travel Week in London and future plans

Designate talks Brexit,
HumanKind and Brighton



Move scroll bar (above) left to right for more videos!

UPCOMING EVENTS
\m