Operators

Private equity firm 'in final talks' to buy Hotelbeds

•Tuesday, 26 April 2016•3 min read

Private equity firm Cinven is in final talks to buy TUI’s Hotelbeds unit, reports Reuters.

The tour operator put its Hotelbeds Group unit up for sale at the end of last year, following a strategic review.

It said at the time that Hotelbeds was being run as an independent business.

Reuters said the value of the deal is estimated at around €1 billion.