checkAd

    DGAP-Adhoc  558  0 Kommentare TUI AG: TUI AG ('TUI' or the 'Group') - Disposal of Hotelbeds Group for EUR1,191 million


    TUI AG / Key word(s): Disposal

    28.04.2016 01:25

    Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
    by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    ---------------------------------------------------------------------------

    Anzeige 
    Handeln Sie Ihre Einschätzung zu TUI AG!
    Long
    6,25€
    Basispreis
    0,46
    Ask
    × 14,33
    Hebel
    Short
    6,94€
    Basispreis
    0,47
    Ask
    × 14,02
    Hebel
    Präsentiert von

    Den Basisprospekt sowie die Endgültigen Bedingungen und die Basisinformationsblätter erhalten Sie bei Klick auf das Disclaimer Dokument. Beachten Sie auch die weiteren Hinweise zu dieser Werbung.

    TUI AG ('TUI' or the 'Group') - Disposal of Hotelbeds Group for EUR1,191
    million

    *Strategic disposal of Hotelbeds Group ("Hotelbeds") represents a
    significant step in TUI's progress as a content centric, vertically
    integrated tourism business
    *In line with the post merger strategy outlined at the Group's capital
    markets update in May 2015 to maximise growth and value of non-tourism
    businesses and deliver superior returns on investment for shareholders
    *Proceeds will be used to invest in future growth opportunities and
    strengthen TUI's balance sheet

    Hanover, 28 April 2016. TUI AG is pleased to announce that it has reached
    an agreement today to sell Hotelbeds to GNVA Acquisitions Limited, a
    company which is 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"). The Transaction is still subject to
    customary closing conditions and certain regulatory approvals and is
    expected to complete by the end of September 2016.

    Hotelbeds was previously part of the Group's Specialist Travel division
    and comprises B2B hotel portals selling globally sourced accommodation
    online to wholesale customers such as travel agencies and tour operators.
    Hotelbeds is the global number 1 in the B2B accommodation wholesale space
    with operations in more than 120 source markets. Due to their different
    business models and strategies, Hotelbeds had been operated independently
    from the Group's Tourism business in order to maximise the division's
    growth and value.

    In the year ended 30 September 2015 Hotelbeds generated a total
    transaction value of EUR3,657 million, a turnover of EUR1,059 million,
    underlying EBITA of EUR69 million and gross assets at signing amount to
    EUR1,338 million.

    Proceeds will be used to invest in future growth opportunities and
    strengthen TUI's balance sheet. It is anticipated that an update will be
    given at TUI's forthcoming H1 2015/16 results presentation.


    Contact:
    ANALYST & INVESTOR ENQUIRIES

    Andy Long, Director of Investor Relations, Tel: +44 (0)1293 645 831

    Contacts for Analysts and Investors in UK, Ireland and Americas

    Sarah Coomes, Head of Investor Relations, Tel: +44 (0)1293 645 827

    Hazel Newell, Investor Relations Manager, Tel: +44 (0)1293 645 823

    Jacqui Smith, PA to Andy Long, Tel: +44 (0)1293 645 831

    Contacts for Analysts and Investors in Continental Europe, Middle East and
    Asia

    Nicola Gehrt, Head of Investor Relations, Tel: +49 (0)511 566 1435

    Ina Klose, Investor Relations Manager, Tel: +49 (0)511 566 1318

    Jessica Blinne, Team Assistant, Tel: +49 (0)511 566 1425


    28.04.2016 The DGAP Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de

    ---------------------------------------------------------------------------

    Language: English
    Company: TUI AG
    Karl-Wiechert-Allee 4
    30625 Hannover
    Germany
    Phone: +49 (0)511 566-00
    Fax: +49 (0)511 566-1901
    E-mail: Investor.Relations@tui.com
    Internet: www.tui-group.com
    ISIN: DE000TUAG000, DE000TUAG059,, DE000TUAG117,, DE000TUAG158
    WKN: TUAG00 , TUAG05,, TUAG11,, TUAG15
    Listed: Regulated Market in Hanover; Regulated Unofficial Market in
    Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Terminbörse
    EUREX; Open Market in Frankfurt

    End of Announcement DGAP News-Service

    ---------------------------------------------------------------------------



    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    DGAP-Adhoc TUI AG: TUI AG ('TUI' or the 'Group') - Disposal of Hotelbeds Group for EUR1,191 million TUI AG / Key word(s): Disposal 28.04.2016 01:25 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. …

    Schreibe Deinen Kommentar

    Disclaimer