KKR buying TUI's Travelopia for $403.7 millionStaff Writer | February 14, 2017
KKR & Co. agreed to buy German travel operator TUI AG's Travelopia for EUR381 million ($403.7 million).
Acquisition TUI is restructuring
In September, TUI sold Hotelbeds Group for EUR1.19 billion and said it was seeking buyers for Travelopia, which holds a portfolio of more than 50 independently operated brands.
Travelopia, based in the U.K., had been managed as an independent business since the 2014 merger of TUI AG and TUI Travel PLC. ■