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Tui Travel and German parent Tui announce merger plan

Started by mhm, June 27, 2014, 03:34:30 PM

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mhm

June 27, 2014, 03:34:30 PM
German travel giant Tui and its UK subsidiary Tui Travel have announced plans to merge following years of speculation about such a deal.

The firms said a merger would deliver a number of benefits, including 45m euros (£36m; $61m) of cost savings a year.

Tui currently owns a 55% share in its UK subsidiary
http://www.bbc.co.uk/news/business-28061372
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