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Hotelplan disposes of its Russia-based subsidiary

Hotelplan GroupMay 10, 2012
Hotelplan Group

The Hotelplan Group has sold its shareholding in Russia-based tour operator Ascent Travel as envisaged. The parties have agreed not to divulge the purchase price involved.

The Hotelplan Group's equity stake in Ascent Travel has been acquired by a Russian investor. The new owner intends to run the operations, which are headquartered in Moscow, broadly as before.

Muriel Wolf Landau

Head of Communications

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