September 12, 2016

Completion of Hotelbeds Group disposal

IR News

On 28 April 2016, TUI AG announced that it had reached an agreement to dispose Hotelbeds Group to GNVA Acquisitions Limited, a company ultimately owned by funds managed or advised by Cinven and Canada Pension Plan Investment Board, for a total cash consideration of €1,191 million (the “Transaction”). All conditions and regulatory approvals have now been satisfied and the Transaction has completed.

Can’t find what you’re looking for?

Looking for something specific:
© TUI Group · 2025