Kuoni Reisen Holding AG
Kuoni Travel Holding Ltd.:
Kuoni Reisen Holding AG / Key word(s): Mergers & Acquisitions 01.12.2010 17:31 Release of an ad hoc announcement pursuant to Art. 72 KR --------------------------------------------------------------------------- Kuoni is expanding its business in the premium holiday market in Italy. Assuming approval is granted by the responsible court, Kuoni will be taking over specialist tour operator Best Tours S.p.A. within the next ten days. Best Tours posted turnover of EUR 39 million in 2009. The purchase price offered is EUR 0.7 million. The tour operator specializes in beach holidays and historical and cultural tours in the premium sector. Best Tours was founded in Milan in 1974. Its 34 full-time employees will be kept on after the takeover. The current minority shareholder and managing director will continue to be in charge of product development. Best Tours specializes in beach holidays in the Indian Ocean, Caribbean, Egypt and the United Arab Emirates, as well as cultural and historical tours in North Africa and the Middle East. Best Tours will initially join the Kuoni Italy unit within the Division Market Region South. This acquisition complements Kuoni Italy's product portfolio in the premium sector, and will also support sales activities in the planned new Kuoni Retail Shops in Northern Italy. The company's main shareholder is currently in liquidation. Assuming approval is granted by the responsible court in Milan, Kuoni will be taking over 100% of the shares of Best Tours S.p.A. within the next ten days. 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 01.12.2010 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; Foreign Exchange(s) SIX End of Announcement EquityStory News-Service ---------------------------------------------------------------------------
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