Hogan Lovells Advises VKO Group on its Disposal of Remaining 25% of Shares to TUI
06 April 2011
MOSCOW, 6 April 2011 - Hogan Lovells advised the shareholders of VKO Group ("VKO"), the multi destination tour operator and travel agent, on the disposal of its remaining 25% of shares to TUI Russia & CIS, a joint venture between the world's leading international leisure travel group TUI Travel PLC and a Russian private equity and venture capital management company S-Group Capital Management. The deal completed on 4 April 2011.
The Hogan Lovells Moscow team was led by Oxana Balayan, Managing Partner and Co-head of Moscow corporate practice, and Richard Cowie, Partner, assisted by Eugenia Ivanyuk, Associate.
In 2009 Hogan Lovells advised the shareholders of VKO on the disposal of their controlling 75% stake to TUI Russia & CIS and launching a joint venture between the shareholders of VKO and TUI Russia & CIS.
TUI Russia & CIS is a joint venture between TUI Travel PLC - the world’s leading international leisure travel group - and Russian investment company S-Group Capital Management. TUI Russia & CIS was launched in April 15, 2009.