Flight Centre Travel Group takes 100% ownership of Québec City-based premium leisure and corporate travel business

05 August 2019

On Aug. 5, 2019, Flight Centre Travel Group (ASX: FLT) ("FLT") announced that it completed its acquisition of Les Voyages Laurier du Vallon ("LDV"), a North American premium leisure and corporate travel business based in Québec City.

FLT secured a 75% interest in LDV in August 2017 and formally acquired the remaining 25% interest under the terms of a rolling put/call option that was agreed when FLT made its initial investment.

Gowling WLG advised FLT in this acquisition with a team led by Naïm Alexandre Antaki and which included Emilie Clairoux.


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