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Preussag bought Hapag-Lloyd AG
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Acquisition of TUI Deutschland
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Period: to
Preussag becomes TUI
Management changed; from mining industry to tourism business. -
Hapag Touristik Union bought 24.9% of Thomas Cook
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HTU acquired a majority stake in Thomas Cook
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Hapag Touristik Union becomes TUI Group
Jumped into the european market (French, British, Scandinavia) and became the leader company in tourism. -
Brands are put under the World of TUI
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TUI completed the 100% takeover of Nouvelles Frontières
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Creation of TUI Air management
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"Preussag AG" is renamed "TUI AG"
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New cost-cutting programmes
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TUI setted up TUI China
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Opening of a low cost travel agency in Hamburg
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TUI setted up TMR
Russian market (TMR) -
Launching of the virtual tour operator in Germany
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TUI entered in the Indian market
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TUI took the full control of CP ship
CP ship : The leading Canadian container shipping line -
TUI is the market leader in the tourism industry in EuropE
