Transaction|December 1, 2017

Transat to sell its Jonview Canada business unit to H.I.S.

Torys acted as counsel to H.I.S. with a team that included Don Bell, Leah Dickie and Frazer House (corporate/M&A), Darryl Hiscocks and Caitlin Morin (employment), Zee Derwa (competition) and Andrew Wong (tax).

On October 27, 2017, Transat A.T. Inc. signed an agreement for the sale of its wholly owned business unit Jonview Canada to H.I.S. Co., Ltd., for C$44 million. The price will be adjusted at closing.

Transat announced that it concluded the sale on December 1, 2017.

Jonview Canada is Canada's leading receptive operator, providing a full range of travel products and services to the international Tour Operator community.

H.I.S. is a comprehensive travel company providing a wide range of products from overseas leisure and business trips to group tours and the sale of original package tours. A worldwide travel giant, H.I.S. has 296 points of sale in Japan and 272 outlets in 68 countries, 155 cities around the world, making it the travel agent with the largest global network. H.I.S. operates a theme park the size of Monaco, and has a hotel chain with over 40 hotels including the world's first robot-staffed hotels.

Transat is a leading integrated international tourism company specializing in holiday travel and active in air transportation, accommodation, travel packaging and distribution.

Further information can be found on Canada Newswire's website.