M&A Activity • Jun 15, 2017
M&A Activity
Open in ViewerOpens in native device viewer
15-Jun-2017 / 13:12 CET/CEST
Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement.
On 13 February 2017, TUIAG 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 RegulatoryAnnouncements, Financial/Corporate News and Press Releases. Archive at www.dgap.de/ukreg
| Language: English | |
|---|---|
| Company: | TUIAG |
| Karl-Wiechert-Allee 4 | |
| 30625 Hannover | |
| Germany | |
| Phone: | +49 (0)511 566-1425 |
| Fax: | +49 (0)511 566-1096 |
| E-mail: | [email protected] |
| 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 |
| LEICode: | 529900SL2WSPV293B552 |
| OAM Categories: |
3.1.Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: |
4305 |
End ofAnnouncementEQS News Service
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.