The merger between First Choice Holidays
PLC and the tourism division of TUI AG, which creates TUI Travel
PLC, has successfully been completed.
First Choice
Holidays' stock listing was cancelled Monday morning on the London
Stock Exchange and the ordinary shares of the combined group, TUI
Travel, began trading on the exchange under the stock symbol
TT.L.
According to the
newly formed TUI Travel, a detailed review of all its businesses
will take place over the coming months, and it plans to present the
results of that review in January.
TUI Travel consists
of more than 200 brands worldwide, with a 30 million-strong
customer base from more than 20 source markets; a fleet of 155
aircraft in Europe; almost 3,600 retail locations in the U.K.,
Ireland and continental Europe; and 48,000 employees.
TUI Travel includes
a number of North American tour operator brands including Country
Walkers, International Expeditions, Intrav, Travcoa, Park East, TCS
Expeditions, Trek America, Footloose, and the Moorings, among
others.
To
contact the reporter who wrote this article, send e-mail to
Michelle Baran at [email protected].