Flight Centre Travel Group's (ASX:FLT) shareholders approved the divestment of the company's stake in Pedal Group, with over 99% of the votes cast at a Thursday general meeting in favor of the sale, according to a same-day Australian bourse filing.

The company entered into a binding agreement in April to sell its around 47% shareholding in the Pedal Group cycle joint venture to the Turner Collective for AU$61.7 million.