Cruise travel agent Iglu in sale talks - report

(Sharecast News) - British cruise specialist Iglu has been put up for sale, it was reported on Tuesday, with a potential £100m price tag.

According to Sky News, shareholder LDC - the private equity arm of Lloyds Banking Group - is in talks with Brisbane-based Flight Centre Travel Group about a potential sale of the online travel agent.

Any deal is likely to be worth around £100m, the report added.

Both LDC and Iglu have yet to comment on the report. FCTG, which is listed in Australia, has also yet to comment.

LDC first invested in Iglu a decade ago.

It offers trips to more 3,000 ports in 30 destinations with around 25 cruise lines, including Cunard and P&O Cruises.

Founded by chair Richard Downs, Iglu also offers ski holidays through Iglu Ski and owns the Planet Cruise brand.