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Two 'serious' bids for Cresta sale
(31 January 2003)
(31 January 2003)
AT LEAST two “serious” bids are understood to have
been made for Cresta, which is expected to be sold within a matter of weeks.
Venture capital firm HG Capital and Lastminute.com are
thought to be the most likely contenders to buy the MyTravel
tour operation, which initially attracted interest
from at least 20 companies.
It is estimated to be worth £40 million-£70 million.
