Kuoni is reported to be in talks with Tui over a £400 million deal for its Travelopia division.
The Times reported the Swiss-based operator is competing against
American buyout firms KKR and Warburg Pincus for the online arm which comprises of more than 50 websites.
Travelopia was put up for sale in September in an auction and will be concluded before March.
The division generates underlying profits of about €50 million a year while the sale is occurring as part of Tui’s strategy to focus on package holidays.
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Kuoni is reported to be in talks with Tui over a £400 million deal for its Travelopia division.
The Times reported the Swiss-based operator is competing against
American buyout firms KKR and Warburg Pincus for the online arm which comprises of more than 50 websites.
Travelopia was put up for sale in September in an auction and will be concluded before March.
The division generates underlying profits of about €50 million a year while the sale is occurring as part of Tui’s strategy to focus on package holidays.
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