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Fehmi Ben Naamane ...
  • Matthias Desmarais

TUI AG : Cessions de 49% des murs de 21 hôtels RUI, pour 540 M€ d’impact cash

>Cession de 49% de la JV RUI Hotels - TUI AG a annoncé hier soir, la cession de sa participation de 49% dans la JV RUI Hotels, l’entité qui détient les murs d’un portefeuille de 21 hôtels de la marque RUI, à son partenaire RUI groupe via l’entité SARANJA, S.L. La transaction valorise la JV à 1.5 Md€ en termes de VE, dont 670 M€ au titre de la participation cédée, soit un multiple de 11.9x l’EBITDA 2019. L’impact cash serait autour de 540 M€ pour TUI, sans prendre en c...
Underlying
TUI AG

TUI is engaged in the tourism business, operating in some 180 countries. Co.'s segments include Hotels & Resorts, Cruises and Other Tourism. The Hotels & Resorts segment comprises all Group-owned hotels and hotel companies in TUI Group. The segment comprises majority participations in hotels, joint ventures with local partners, stakes in companies. The Cruises segment consists of Hapag-Lloyd Cruises and the joint venture TUI Cruises. Other Tourism segment comprises central functions such as destination services, IT, aviation control and the French airline Corsair.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Fehmi Ben Naamane

Matthias Desmarais

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