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At Preussag a decision was made to change the industry
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Preussag bought HAPAG LLOYD AG, a large German tour operator
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Preussag acquired TUI Deutschland, a leader for package holidays
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Preussag took over significant equity share of Magic Life, a leading all-inclusive holiday club chain
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Hapag Touristik Union a division of Preussag purchased 24.9 percent of Thomas Cook, leading British tourism and financial services group
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Preussag acquired majority stake in Thomas Cook
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Hapag Touristik Union was renamed TUI Group
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TUI group took over British Thomson Travel Group
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TUI group took a stake in Nouvelles Frontieres, French leading tour operator
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TUI group acquired Fritidsresor, Scandinavian tour operator
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By the end of 2000, Preussag turned a leading company with over 200 tourism brands
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All firms and brands put under World of TUI
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Preussag created TUI Air Management to manage six group airlines centrally
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Shareholders voted for Preussag AG to be renamed TUI AG
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TUI AG completed takeover of Nouvelles Frontieres
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Started new cost cutting programme to adjust to slump in tourism
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TUI China was set up for tourists visiting Germany
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TUI AG opened its first low-cost travel tours in Hamburg through online, travel agencies, TV, call centres
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TUI AG set up TMR (TUI Mostravel Russia) through joint venture with Mostravel, a tour operator in Russia
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TUI AG launched virtual tour operator Touropa.com in Germany
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TUI AG entered Indian market with 50 percent holding in agency Le Passage to India
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TUI took full control of CP ship, the leading Canadian container shipping line