TUI AG says no plans to reduce stake in Tui Travel

FRANKFURT, March 13 Wed Mar 13, 2013 7:22am EDT

FRANKFURT, March 13 (Reuters) - TUI AG has no plans to reduce its stake in TUI Travel, it said on Wednesday in response to a magazine report.

Earlier, Manager Magazin had reported TUI AG was considering selling its stake in Europe's largest tour operator and would use the proceeds to invest in its own tourism operations.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article