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TUI AG says will not make offer for TUI Travel
January 23, 2013 / 7:26 AM / 5 years ago

TUI AG says will not make offer for TUI Travel

FRANKFURT, Jan 23 (Reuters) - Germany travel and tourism group TUI AG has no intention of making an offer for majority-owned unit TUI Travel, it said on wednesday.

TUI Travel, Europe’s largest tour operator, said last week it had received an approach regarding a potential merger from the German company, which owns 56.4 percent of its shares.

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