Key Developments: TUI Travel PLC (TT.L)
17 May 2013
Latest Key Developments (Source: Significant Developments)
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 announced that it has completed the purchase of the Magic Life Hotels business on July 13, 2011. Full Article
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
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.