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Foundation of Preussag AG
Prussian Mine and Foundry Company -
Merger with Hibernia AG
Preussag AG merged with the Ruhr coal company, Hibernia AG, and electricity utility to become the United Electrical and Mining Company. -
Preussag bought Hapag-Lloyd AG
Hapag-Lloyd AG: German tour operator with its own travel agency chain, airline and logistic services. -
Aquisition of TUI Deutschland
TUI Deutschland: German travel agency chain, one of the leaders for package holidays -
Equity share of Magic Life
Magic Life: a leading all-inclusive holiday club chain. -
The tourism division of Preussag purchased 24,9 per cent of Thomas Cook
Hapag Touristik Union: the tourism division of Preussag;
Thomas Cook: one of the biggest British tourism and financial services group. -
HTU aquired a majority stake in Thomas Cook.
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TUI Group
HTU renamed to TUI Group -
TUI Group entered the European Market
It took over the British Thomson Travel Group, took a stake in French leading tour operator and acquisited the largest tour operator in Scandinavia.
TUI became a leading company in tourism with over 200 tourism brands around the world. -
World of TUI
Reposition in the tourism industry: all brands belonged to TUI. -
TUI Air Management
Preussag created TUI Air Management to manage the six airlines centrally. -
TUI AG
Renaming Preussag AG to TUI AG. -
Take over of Nouvelles Frontieres
Complete take over of the French leading tour operator: Nouvelles Frontieres -
New cost-cutting programme
Goal: yearly savings of 263 millio euro in 2003 and 100 millio euro in 2004. -
TUI China
Set up of TUI China or Chinese tourists visiting Germany. -
Low-cost travel agency
TUI opened the first low-cost travel agency in Hamburg, Germany with Touristik Express to sell low cost holidays. -
Set up of TMR (TUI Mostravel Russia)
TUI entered the Russian tour operator market.
Set up of TMR through joint venture with the Russian tour operator Mostravel. -
European leader in the direct sales of travel products
TUI became the european leader in the direct sales of travel products -
TUI entered the Indian market
TUI entered the Indian market with 50 per cent holding in the incoming agency 'Le Passage to India'. -
Full control of CP ship
TUI took the full control over CP ship, the leading Canadian container shipping line and merged its container shipping division with it. -
Launch of Touropa.com
TUI launched the virtual tour operator Touropa.com in Germany, selling travel tours online, through travel agencies, television and call centres.