Amsterdam / Chiasso, 3 February 2020 – lm holding, a European leader in the online travel and leisure industry, today commented on market rumors, following an article published by Mergermarket.com on Friday 31 January 2020 about a potential sale of a minority stake of lastminute.com NV.
As recently reminded through a Press Release disclosed on 27 January 2020, lm holding is constantly active in the process of running a comprehensive analysis of a wide array of strategic opportunities.
The Company is today in an advanced stage of discussion about a possible corporate transaction. Interested parties include, among others, the Scandinavian PE fund Triton.
Such ongoing negotiations could not necessarily materialize and/or might lead to a scenario that could tangibly differs from the one reported by the above mentioned article.
The group, in the meantime, continues to focus on its core business in order to successfully deliver its mission and constantly meet the expectations of its shareholders.
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.