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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 GBP325m (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 GBP3.1m (EUR3.5m) contingent consideration payable within three years of
completion.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de/ukreg
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
583337 15-Jun-2017
(END) Dow Jones Newswires
June 15, 2017 07:13 ET (11:13 GMT)
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