Swiss-based travel group Kuoni Reisen has accepted a higher-than-expected takeover offer from a Swedish venture capital firm.
The deal with EQT values the Zurich-based travel company, which sold its UK operating arm last year, at $1.4 billion.
EQT is also rumoured to be interested in buying TUI-owned bed bank Hotelbeds to merge it with Kuoni, but the company has refused to comment on the speculation.
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