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Further progress with TUI's asset-right strategy - SARANJA, S.L., an entity of the RIU-Group takes over 49% minority stake in RIU Hotels S.A. Joint Venture from TUI
Inside Information according to article 17 MAR
SARANJA, S.L., an entity of the RIU-Group takes over TUI's minority stake of RIU Hotels S.A. Joint Venture with a real estate portfolio of 21 properties
Management of around 100 RIU hotels and resorts worldwide remainsunchanged in the other 50:50 joint venture between RIU and TUI
Property transaction strengthens focus on brand, operations, customer experience and distribution
Delivering of TUI Group's asset-right strategy - decoupling of hotel growth and real estate investments