The Kuoni group has been sold to German operator DER Touristic's owner REWE Group for an undisclosed sum.
The sale includes the main Kuoni tour operating brand and specialist travel businesses Carrier, CV Villas, Kirker and Voyage Jules Verne and covers tour operations in the UK, Switzerland, Scandinavia and the Benelux region, leaving tour activities in India, Hong Kong and China still requiring a buyer.
The deal is subject to approval by competition authorities in the EU and Switzerland and is expected to complete in Q3 2015.
The Kuoni group has been sold to German operator DER Touristic's owner REWE Group for an undisclosed sum.
The sale includes the main Kuoni tour operating brand and specialist travel businesses Carrier, CV Villas, Kirker and Voyage Jules Verne and covers tour operations in the UK, Switzerland, Scandinavia and the Benelux region, leaving tour activities in India, Hong Kong and China still requiring a buyer.
The deal is subject to approval by competition authorities in the EU and Switzerland and is expected to complete in Q3 2015.
