Webjet Limited (AU:WEB) has released an update.
Webjet Limited is advancing the demerger of its WebBeds and Webjet B2C divisions to enhance their growth potential and streamline capital allocation. Katrina Barry, a seasoned executive with extensive industry experience, has been appointed as CEO of Webjet B2C, which will become a standalone entity listed on the ASX alongside Webjet B2B. Both companies are expected to retain strong balance sheets, with Webjet B2B inheriting the company’s convertible notes due 2026.
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