Webjet announced the details of the de-merger of the business-to-consumer (B2C) division, which is expected to complete in 2024, following a shareholder meeting in September, notes Morgan Stanley.
The company initially grew as a B2C business but faced market-size constraints, leading to offshore expansion and other strategies of varying success, including hotels.
Post de-merger, both business-to-business (B2B) and B2C will be net cash positive with the
Equal-weight rating. The target remains at 9.30 Industry View: In-line.
Sector: Retailing.
Target price is
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