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Flight Centre Travel Group To Divest Pedal Group Stake

Apr 08, 2026 02:16 UTC

(RTTNews) - Flight Centre Travel Group (FLT.AX) announced that it has entered into a binding agreement to divest its shareholding in the Pedal Group cycle joint venture (JV) to the Turner Collective.

  • April 07, 2026 — 10:16 pm EDT Written byRTTNews
  • comforRTTNews-> (RTTNews) - Flight Centre Travel Group (FLT
  • AX) announced that it has entered into a binding agreement to divest its shareholding in the Pedal Group cycle joint venture (JV) to the Turner Collective

April 07, 2026 — 10:16 pm EDT Written byRTTNews.comforRTTNews-> (RTTNews) - Flight Centre Travel Group (FLT.AX) announced that it has entered into a binding agreement to divest its shareholding in the Pedal Group cycle joint venture (JV) to the Turner Collective. The agreement, which remains subject to FLT shareholder approval and regulatory conditions, values FLT's interest in the JV at A$61.7 million. Completion of the transaction is expected next month. Pedal Group comprises the 99 Bikes retail chain and wholesaler Advance Traders Australia. The divestment has received unanimous support fro

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