Published Date:
14 October 2008
SHARES in tour operator TUI Travel steamed ahead by a fifth yesterday amid speculation that its parent company may launch a full takeover after the German group TUI sold a two-thirds stake in its shipping business Hapag-Lloyd.
TUI said the deal opened up the potential for further expansion of its tourism interests. It currently owns 51 per cent of TUI Travel. Last month, TUI Travel and fellow holiday operator Thomas Cook posted strong trading updates as the pair showed signs of benefiting from the collapse of rival XL.
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Last Updated:
13 October 2008 9:04 PM
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Source:
The Scotsman
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Location:
Edinburgh
