Cinven, CPPIB to buy Hotelbeds Group for $1.32 bln

Cinven and Canada Pension Plan Investment Board ('CPPIB') have agreed to buy Hotelbeds Group for 1.165 billion euros ($1.32 billion). Tui Group is the seller. Hotelbeds Group, of Spain, is a provider of B2B hotel room distribution to the travel industry (through its brands Hotelbeds and Bedsonline).

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