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12 Sep 2016 12:18
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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