- 27 июня 2014, 20:16
Job losses expected as German parent company combines its hotels and cruise ships with UK travel group's tour-operating
A £4.5bn deal to form the world's biggest leisure and tourism company looks set to finally take off after the German travel group TUI and its British subsidiary TUI Travel agreed a merger.
A deal had been anticipated in the City since TUI merged its holiday business with rival First Choice Holidays seven years ago, becoming a majority shareholder in the new TUI Travel. In early 2013 TUI made a failed attempt at a merger after shareholders balked at the terms of a deal.Continue reading...