LONDON, May 11 (Reuters) - European tourism group TUI
TUIT.L said it planned to sell its specialist group of holiday
brands, leaving it with just its main tourism business after it
sold its Hotelbeds Group last month.
TUI, which on Wednesday confirmed that it was on track to
deliver underlying earnings growth of at least ten percent, said
that the specialist brands did not fit with its other holiday
and cruise businesses.
The company in April sold its Hotelbeds unit to private
equity group Cinven and Canada Pension Plan Investment Board in
a deal worth 1.165 billion euros.