Carlson plans to buy local travel company.
Economic Times (New Delhi, India), April, 2005
Apr. 8--MUMBAI, India -- The $26-bn US-based Carlson Companies is planning to pick up a majority stake in a travel and a marketing services company.
It will also introduce its cruise-liner Radisson Seven Seas and is looking at equity participation in its premium hotel brand, The Regent, across three cities -- Mumbai, New Delhi and Goa. The group will also promote India in the US with the help of its travel company and other group companies.
Carlson Companies is a global leader in business and leisure travel, restaurant, hotel, cruise and marketing services. "We are keen to invest in India and have a majority stake of 51 percent in the travel and marketing services business. We have already introduced our travel company Carlson Wagonlit, which is...
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