TIDMTUI

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 EUR1,191 million (the "Transaction"). All conditions and regulatory approvals have now been satisfied and the Transaction has completed.

12 September 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 12, 2016 07:18 ET (11:18 GMT)

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