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Travelopia sold off

Profile Photo By: Steve Shellum
February 14, 2017

Travelopia sold off

Hanover, Germany – 14 February 2017 – 
TUI has agreed to sell adventure-travel unit Travelopia to private equity firm KKR for an enterprise value of 381 million euros (US$404 million) as Europe’s largest tour operator focuses on expanding its reach of mass-market hotel and cruise brands.

Trimming specialised units is part of TUI’s plan to grow its customer base in Southern Europe, Latin America and Asia by 1 million customers and add 1 billion euros to its revenue by 2022, Bloomberg reported.

Proceeds from the sale of Travelopia, which is expected to close in the second half … Read More

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