Transat announces sale of to IAC


Transat A.T. Inc. announced that it has entered into an agreement to sell its French subsidiary Anyway ( to IAC/InterActiveCorp for an enterprise value of 53 million euro. The sale is expected to close by October 31, 2003. Anyway will join IAC Travel, a division of IAC/InterActiveCorp that encompasses leading online travel brands including, Interval International, TV Travel Shop, and

The full year gross bookings for Anyway are estimated to be approximately (euro) 80 million (CAD$123.2 million). Anyway is the third largest online travel site in France. It was created in 1988 as a discount travel agency and expanded into online Minitel services in 1995 and into Internet services in 1999. Anyway is headquartered in Paris and employs more than 100 people.

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