Company Announcements
TUI AG: TUI COMPLETES SALE OF TRAVELOPIA TO KKR
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By DGAP
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TUI AG / Disposal On 13 February 2017, TUI AG 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.
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| Language: | English |
| Company: | TUI AG |
| Karl-Wiechert-Allee 4 | |
| 30625 Hannover | |
| Germany | |
| Phone: | +49 (0)511 566-1425 |
| Fax: | +49 (0)511 566-1096 |
| E-mail: | Investor.Relations@tui.com |
| 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 |
| LEI Code: | 529900SL2WSPV293B552 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 4305 |
| End of Announcement | EQS News Service |
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583337 15-Jun-2017
UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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