CP Ships shareholders approve amalgamation
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Hanover, Germany/Gatwick, December 15, 2005
TUI AG und CP Ships jointly announce, that the shareholders of CP Ships have approved the amalgamation of CP Ships and Ship Acquisition Inc. at a shareholder meeting held yesterday. Ship Acquisition Inc. is an indirect wholly-owned subsidiary of TUI AG. As a consequence, TUI will hold 100 percent of the amalgamated company, which will continue to be named CP Ships Limited. Subject to the satisfaction of all necessary legal requirements, the amalgamation is expected to occur on 20 December 2005.
For further information please contact:
Björn Beroleit, phone +49 511 566-1310
Nicola Gehrt, phone +49 511 566-1435