Amsterdam / Chiasso, 27 January 2020 – lm holding, a European leader in the online travel and leisure industry, today commented on the possible speculation following an article regarding lastminute.com N.V. published by the Italian newspaper Il Sole 24 Ore on 25 January 2020.
As reported regularly in the company’s communications to the market, lm holding is constantly active in the process of running a comprehensive analysis of a wide array of strategic opportunities, including potential acquisitions and/or disposals of assets and/or a controlling stake in the company. Since the group’s IPO, such a process has been aimed at creating long term value in the interest of the group’s shareholders.
With such objective, lm holding has over time held and continues to hold discussions with multiple parties, including, but not limited to, private equity groups as referred to in the article mentioned above.
In parallel, the group continues to focus on improving the operating performance of its business units, as also reported consistently during 2019.
Should any of the discussions above materialize in a transaction, lm holding will inform its shareholders and stakeholders in full compliance with the rules and regulations of SIX Swiss Exchange.
About lm holding
lm holding is among the worldwide leaders in the online travel industry and operates a portfolio of well-known brands such as lastminute.com, Volagratis, Rumbo, weg.de, Bravofly, Jetcost and Hotelscan. The Group's mission is to be the most relevant and inspiring travel company, committed to enriching the lives of travellers. Every month, the Group touches 60 million users across all its websites and mobile apps (in 17 languages and 40 countries) that search for and book their travel and leisure experiences with us. More than 1,200 people enjoy working with us and contribute to providing our audience with a comprehensive and inspiring offering of travel related products and services. lastminute.com N.V. is a publicly traded company listed under the ticker symbol LMN on SIX Swiss Exchange.
This press release may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. lastminute.com group undertakes no obligation to publicly update or revise any forward-looking statements.