TUI AG (XTRA:TUI1) is in talks with Kuoni Reisen Holding AG, KKR & Co. L.P. (NYSE:KKR) and Warburg Pincus LLC over the sale of Travelopia. It is understood that Tui has received offers from Swiss giant Kuoni, as well as American buyout firms KKR and Warburg Pincus.

Tui declined to comment as the process is still ongoing, though the auction is expected to be wrapped up by spring this year.