WorldTravel BTI's 'Aunt' Accumulating Navigant Shares

A company that last month disclosed owning nearly 6 percent of shares in Navigant International is an affiliate of WorldTravel BTI parent company BCD Holdings, Business Travel News has learned.

"It's important to note that this is not an investment by BCD or WorldTravel BTI," said a WorldTravel spokesperson. She said the investors, a Dutch firm known as Boron Securities, is considered "a sister company" of BCD Holdings. "Navigant is just a small part" of Boron's portfolio, she added.

WorldTravel and the global BTI organization--as well as Carlson Wagonlit Travel and TQ3 Travel Solutions--are the most significant providers of multinational corporate travel management services after American Express, which today said it would buy Rosenbluth International. Navigant is the second-largest mega agency in the United States, but its international scope is more limited.