Swiss travel group Kuoni (KUNN.S) said on Monday it had agreed to buy online travel services company Gullivers Travel Associates for $720 million, substantially expanding its available online travel services. Kuoni said it would use available cash resources, new long term debt facilities, and equity raised through a discounted share offering to finance the acquisition from privately-held, New York-based Travelport. Kuoni said it had secured credit facilities of 600 million Swiss francs ($648.2 million), and would look to raise around 250 million francs in the rights offering.
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