TUI Travel Buys 6 Magic Life Operating Companies From TUI AG For EUR6
26 Maggio 2011 - 2:14PM
Dow Jones News
TUI Travel PLC (TT.LN) said Thursday that it has reached
agreement with TUI AG (TUI1.XE) and its subsidiary undertaking,
Magic Life GMBH & Co KG, to buy six separate operating
companies through which Magic Life leases and manages 13 holiday
clubs in Turkey, Tunisia, Egypt, Greece and Spain for EUR6, or EUR1
each.
MAIN FACTS:
-TUI to assume contingent debt of EUR10.5 million.
-Certain "Magic Life" trademarks and related rights are being
acquired for a further EUR1 in cash.
-Business generated an operating loss before tax of EUR22.6
million for the year ended Sep. 30, 2010; this reported loss, when
adjusted for certain costs that won't form part of the acquired
business following the restructuring of Magic Life, is reduced to
EUR10.3 million.
-TUI Travel expects the transaction to have a positive impact on
underlying operating profit in the second half of 2011.
-TUI Travel shares at 1140 GMT up 2 pence, or 0.7%, at 232 pence
valuing the company at GBP2.6 billion.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296;
ian.walker@dowjones.com
Grafico Azioni TUI Travel (LSE:TT.)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni TUI Travel (LSE:TT.)
Storico
Da Ott 2023 a Ott 2024
Notizie in Tempo Reale relative a Tui Travel (Borsa di Londra): 0 articoli recenti
Più Tui Travel Articoli Notizie