European tourism group TUI is selling its Hotelbeds unit to private equity group Cinven and Canada Pension Plan Investment Board in a deal worth 1.165 billion euros. The new owners expect to use Hotelbeds as a platform for future purchases.
from HOTELMARKETING.COM http://ift.tt/23c1jcX
Thursday, April 28, 2016
TUI sells Hotelbeds business for $1.3 billion
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