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Corporate Travel Management shares soar after expanding its US footprint

Posted on 18/12/2015 by SuperUser Account
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Shares in Brisbane-based Corporate Travel Management took flight yesterday after it revealed plans to expand its US footprint.

Shares in Brisbane-based Corporate Travel Management took flight yesterday after it revealed plans to expand its US footprint.

The stock rallied $1 or almost 9 per cent to $12.22, making it one of the best performers on the ASX 200.


CTM has inked a deal to buy California-based Montrose Travel, making it one of the top 12 travel companies in the US just three years after they entered the market.

CTM’s total transaction value in America is now on track to exceed $1 billion in the 2016 calendar year following the $47.6 million purchase.

Read more on The Courier-Mail