HomeToGo SE acquired 51% stake in KMW Reisen GmbH from Fit Gesellschaft FÜR Gesundes Reisen Mit BeschrÄNkter Haftung.
January 01, 2024
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HomeToGo SE (XTRA:HTG) signed binding documents to acquire 51% stake in KMW Reisen GmbH from Fit Gesellschaft FÜR Gesundes Reisen Mit BeschrÄNkter Haftung on December 16, 2023. In related transaction, HomeToGo SE (XTRA:HTG) signed binding documents to acquire Super Urlaub GmbH. Consideration paid for 51% stake: around ?31 million of which around ?6 million is paid in HomeToGo SE shares (fully financed through Treasury Shares). The closing of the transaction is expected to take place in early January 2024 with full consolidation by HomeToGo SE as of January 1, 2024. Mark Miller and Sven Hasenberg of Carlsquare acted as a financial advisor to KMW Reisen GmbH and Super Urlaub GmbH.
HomeToGo SE (XTRA:HTG) completed the acquisition of 51% stake in KMW Reisen GmbH from Fit Gesellschaft FÜR Gesundes Reisen Mit BeschrÄNkter Haftung on January 2, 2024.
HomeToGo SE is a Luxembourg-based company. The Company operates through the business segment: travel and short-term rental industry. It offers accommodations ranging from vacation homes, cabins, beach houses, apartments, condos, house boats, castles, farm stays and everything in between. It is a marketplace that provides a substantial selection of vacation rentals, listing many offers from its partners, including Airbnb, Booking.com, Vrbo and TripAdvisor. Its software application combines price, destination, dates and amenities to find a suitable accommodation for any trip worldwide which helps its customers find their ideal vacation rentals. The Company operates across Europe, North America, South America, Australia and Asia-Pacific.