Carlson, Japan Travel Bureau form venture

MINNEAPOLIS -- Carlson Wagonlit Travel and the Japan Travel Bureau (JTB) formed a joint venture called JTB Business Travel Solutions Inc., 70% owned by JTB and 30% by Carlson.

Under the joint venture, effective Jan. 1, the travel management companies will serve the global needs of each others' corporate customers.

JTB, the largest travel management company in Japan, generates $14 billion in annual sales. Carlson generates $12 billion.

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