TUI Travel: Conditional Sale of Budget Travel
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London, 14 September 2007
Subsequent to an undertaking to divest TUI AG’s Budget Travel business in Ireland announced on 4 June 2007, TUI Travel PLC today announces the conditional sale of Budget Travel, one of the Group’s Irish businesses, to Primera Travel Group, a privately owned Icelandic travel company. Completion of the sale is subject to approval from the EU Competition authority.
The value of the gross assets disposed of is €46.4 million.
Contact:
Björn Beroleit, phone +49 (0)511 – 566 1310
Nicola Gehrt, phone +49 (0)511 – 566 1435