Kuoni Reisen Holding AG
Kuoni Travel Holding Ltd.: Kuoni acquires Belgium tour operator ‘Best Tours’
Kuoni Reisen Holding AG / Key word(s): Acquisition 31.12.2010 15:40 Release of an ad hoc announcement pursuant to Art. 72 KR --------------------------------------------------------------------------- Kuoni is expanding its business in the Belgium market substantially. As of 31 December 2010 Kuoni will be taking over the business activities (asset deal) of Belgium tour operator Best Tours. The company is currently in liquidation. Best Tours posted turnover of EUR 38 million in the business year 2009/10. The parties agreed not to divulge the purchase prices involved. Best Tours specializes in long-haul round trips and beach holidays. Best Tours was founded 1981 with its headquarters in Brussels and has 35 full-time employees. Best Tours is one of the leading tour operators specialized in travel to Thailand, China, Vietnam, South Africa and Egypt. The brand offers escorted cultural round trips, beach holidays and individual trips in the premium segment in the Belgium market as well as partly in the French market. The Best Tours brand will be retained. The brand will join the Kuoni Benelux unit within the Division Market Region North. 'With the acquisition of Best Tours' travel activities Kuoni takes an important step forward in the Belgium market to reach relevant size for further business', said Peter Rothwell, CEO of the Kuoni Group. LAURENCE BIENZ Head of Investor Relations Kuoni Travel Holding Ltd. Neue Hard 7 CH-8010 Zurich P +41 (0)44 277 45 29 laurence.bienz@kuoni.com 31.12.2010 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: Kuoni Reisen Holding AG Neue Hard 7 8010 Zürich Schweiz Phone: +41 44 277 4529 Fax: +41 44 277 4031 E-mail: laurence.bienz@kuoni.com Internet: www.kuoni-group.com ISIN: CH0003504856 Swiss Security Number: 894861 Listed: Freiverkehr in Berlin, Stuttgart; Open Market in Frankfurt; SIX End of Announcement EquityStory News-Service ---------------------------------------------------------------------------
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