TUI Travel Agrees to Merge With TUI AG

LONDON—U.K. convenience and transport association TUI Travel concluded to combine with a infancy shareholder, Germany’s TUI AG, in a understanding that would emanate a total organisation with a marketplace value of around $9.7 billion.

The deal, that values a 45.5% of TUI Travel not already owned by TUI AG during around $3.4 billion, comes after years of conjecture about a full-blown partnership following a arrangement of TUI Travel in 2007, when TUI AG’s airline and…

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