Webjet Limited (AU:WEB) has released an update.
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Webjet Limited has announced a proposed demerger that will see the creation of two independent ASX-listed entities: WEB Travel Group focusing on B2B travel distribution, and Webjet Group Limited comprising B2C businesses. The move is expected to allow each entity to capitalize on distinct growth opportunities and enhance shareholder value. Post-demerger, Webjet Limited will continue as a global B2B travel business, while the B2C spin-off anticipates paying dividends from FY26 onwards.
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