TRAVEL TRADES GAZETTE
August 1st, 2002
From Alan OsbornThe German travel company TUI AG (formerly Preussag) hasacquired sole control of Nouvelles Frontières, a French company alsoactive in the holiday sector, under a deal approved today (Tuesday 27th)by the European Commission.TUI currently holds around 30% of NF's capitaland is now is exercising an exclusive option to buy shares from the NFfounder Jacques Maillot (who has 41.92 per cent) and a number of minorityshareholders. Brussels said the two companies overlapped in the Belgianforeign package holiday market but the transaction did not ...
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