Kuoni Group (SIX: KUNN) has completed the sale of the outbound travel and destination management activities in India to Thomas Cook (India) Ltd.

With the completion of this disposal, Kuoni Group has successfully implemented the exit from its tour operating business in Europe, Hong Kong and India that was publicly announced on January 14, 2015.

Homburger has advised Kuoni in this transaction as global lead counsel. The Homburger team was led by Hansjürg Appenzeller (partner, Corporate | M&A and Financial Services) and Daniel Hasler (partner, Corporate | M&A) and comprised associates Stefan Blunschi and Karin Mattle as well as junior associate Raphaël Fellay (all Corporate | M&A), partner Gregor Bühler and associate Kaspar Ulmann (both IP | IT), Gerald Brei (partner, Competition | Regulatory) as well as partner Dieter Grünblatt, counsel Peter Müller and associate Céline Martin (all Tax).