Key Developments: TUI Travel PLC (TT.L)
371.80GBp
17 May 2013
3.00p (+0.81%)
368.80p
368.90p
372.40p
367.10p
2,995,714
2,912,830
372.40p
156.50p
Latest Key Developments (Source: Significant Developments)
TUI Travel Plc's Education Division To Acquire English Language Centre (York) Limited
TUI Travel Plc announced that its Education division has purchased the English Language Centre (York) Limited (ELC York). The gross assets being acquired from the private owners are estimated at GBP0.8 million on completion. The transaction is a 100% share deal. Full Article
TUI Travel Plc Completes Acquisition Of Magic Life Hotels Business
TUI Travel Plc announced that it has completed the purchase of the Magic Life Hotels business on July 13, 2011. Full Article
TUI Travel PLC's Intercruises Shoreside & Port Services Announces Acquisition Of TMS Gateway
TUI Travel PLC announced that Intercruises Shoreside & Port Services (Intercruises), part of the Accommodation & Destinations Sector of TUI Travel PLC, has invested in TMS Gateway. Following this investment, Intercruises will provide services at all major ports in North America, including the west coast destinations of San Diego, Los Angeles, Seattle and Vancouver. The estimated gross assets being acquired from Transportation Management Services, Inc (TMS) on closing are $2 million. Full Article
UPDATE 2-TUI AG CEO shakes up group in drive for dividend
FRANKFURT, May 15 - German tourism group TUI AG's new chief is cutting costs, restructuring loss-making resorts and cruise operations, and will boost cooperation with unit TUI Travel in a shake-up aimed at resuming dividend payments in 2014/15.

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