From Preussag to TUI AG

Takeover of Hapag-Lloyd AG

Sep 2, 1997

Germany's Preussag AG conglomerate has signed contracts to buy nearly all shares of Germany's largest and most profitable shipping and tourism line, Hapag-Lloyd AG. goo.gl/ubSkPC

How Preussag Became TUI Group?

Period: Sep 2, 1997 to Jan 1, 2000

Acquisition of TUI Deutschland

Dec 31, 1997

"Preussag made the complete acquisition of TUI Deutschland, one of the leaders for package holidays, as well as the firts German travel agency chain [...]."

Acquisition of Magic Life

Dec 31, 1997

"[Preussag] took significant equity share of Magic Life, a leading all-inclusive holiday club chain."

Gaining influence over Thomas Cook I.

Dec 31, 1998

"[HTU] purchased 24.9% of Thomas Cook, one of the biggest British tourism and financial services group."

Gaining influence over Thomas Cook II.

Dec 31, 1999

"HTU acquired a majority stake in Thomas Cook."

HTU was renamed 'TUI Gropup'

Jan 1, 2000

TUI: increasing in strength

Period: Jan 1, 2000 to Dec 31, 2005

Takeover of Thomson Travel Group

Dec 31, 2000

Gaining influence over Nouvelles Frontières

Dec 31, 2000

Takeover of Fritidsresor

Dec 31, 2000