TUI AG Disposal (5837J)
September 12 2016 - 7:18AM
UK Regulatory
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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September 12, 2016 07:18 ET (11:18 GMT)
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