Kuoni Reisen Holding AG
Kuoni Travel Holding Ltd.:
Kuoni Reisen Holding AG / Key word(s): Acquisition 22.12.2011 06:50 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- Kuoni is expanding its presence in Namibia with the purchase of Royal Tours. The acquisition is scheduled for completion at the beginning of 2012 pending approval from the competition authorities. A purchase agreement has been signed. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Royal Tours generated turnover of CHF 1.4 million in the 2010/11 financial year. Kuoni is taking on its four employees. The company's former owner will continue to manage Royal Tours' operations. She will also take over management of Private Safaris Namibia, which handles Kuoni's existing activities in Namibia. Royal Tours specializes in all types of holiday and travel services within Namibia. Its most important client markets are Germany and Belgium. Namibia is one of the growth markets in African tourism. LAURENCE BIENZ Head of Investor Relations Kuoni Travel Holding Ltd. Neue Hard 7 CH-8010 Zurich T +41 (0)44 277 45 29 laurence.bienz@kuoni.com 22.12.2011 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 Switzerland 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 ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found