Kuoni Group (SIX: KUNN) announced on November 10, 2015 that it completed the sale of its Hong Kong tour operating business to Thomas Cook (India) Ltd.

The completion of the sale of the outbound travel and destination management activities in India is expected to be completed by the end of 2015. Upon the completion of this disposal, Kuoni Group will have successfully implemented the exit from its global tour operating business that was publicly announced on January 14, 2015.

Homburger is advising Kuoni in this divestment as global lead counsel. The Homburger team is led by Hansjürg Appenzeller (partner, Corporate | M&A and Financial Services) and Daniel Hasler (partner, Corporate | M&A) and comprises 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).