TUI AG / Disposal On 13 February 2017, TUI AG announced that it had reached an agreement with Kohlberg Kravis Roberts & co. L.P. ("KKR") to sell Travelopia for an enterprise value of £325m (EUR369m 1) (the "Transaction"). All conditions and regulatory approvals have now been satisfied and the Transaction has completed.  1 Based on the GBP/EUR rate of 1.1368 as at 14 June 2017; excludes a maximum of £3.1m (EUR3.5m) contingent consideration payable within three years of completion.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | TUI AG |
Karl-Wiechert-Allee 4 | |
30625 Hannover | |
Germany | |
Phone: | +49 (0)511 566-1425 |
Fax: | +49 (0)511 566-1096 |
E-mail: | Investor.Relations@tui.com |
Internet: | www.tuigroup.com |
ISIN: | DE000TUAG000, DE000TUAG281, DE000TUAG299 |
WKN: | TUAG00 , TUA G28, TUA G29 |
Listed: | Regulated Market in Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Open Market in Frankfurt; London |
Category Code: | DIS |
TIDM: | TUI |
LEI Code: | 529900SL2WSPV293B552 |
OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
Sequence No.: | 4305 |
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End of Announcement | EQS News Service |
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583337Â Â 15-Jun-2017Â