Webjet Limited (AU:WEB) has released an update.
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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.
For further insights into AU:WEB stock, check out TipRanks’ Stock Analysis page.
