💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

TUI Group says plans to sell specialist unit

Published 2016-05-11, 02:16 a/m
© Reuters.  TUI Group says plans to sell specialist unit
TUI1n
-

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.