Combination of Kuoni's GTA Business with Hotelbeds Group
Kuoni Travel Group Ltd agreed to sell its GTD business division (GTA) to Hotelbeds Group. The shareholders of Kuoni Group, private equity fund EQT and the Kuoni und Hugentobler-Stiftung, will rollover a large portion of their indirect participation in GTA into the combined Hotelbeds/GTA business. The transaction is subject to customary closing conditions.
Lenz & Staehelin advises the Kuoni und Hugentobler-Stiftung in this transaction. The team comprises Rudolf Tschäni, Tino Gaberthüel and Alexander Wille.