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Flight Centre to Sell 47% Stake in Pedal Group for $61.7 Million

8:34am on Wednesday 8th of April, 2026 AEST Consumer Discretionary
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Flight Centre to Sell 47% Stake in Pedal Group for $61.7 Million

8:34am on Wednesday 8th of April, 2026 AEST
Key Points
  • FLT to sell 47% stake in Pedal Group for $61.7 million
  • Transaction supports portfolio simplification and strategic focus on travel
  • Sale subject to shareholder approval at May 14 Extraordinary General Meeting
  • Independent expert deems terms fair and reasonable
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