Disposal

RNS Number : 5837J

TUI AG

12 September 2016

 

TUI AG

Completion of Hotelbeds Group disposal

On 28 April 2016, TUI AG announced that it had reached an agreement to dispose Hotelbeds Group to GNVA Acquisitions Limited, a company ultimately owned by funds managed or advised by Cinven and Canada Pension Plan Investment Board, for a total cash consideration of €1,191 million (the "Transaction"). All conditions and regulatory approvals have now been satisfied and the Transaction has completed.

12 September 2016

 

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