TUI AG / Disposal TUI AG: TUI COMPLETES SALE OF TRAVELOPIA TO KKR
15-Jun-2017 / 13:12 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement.
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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