Latest News
HomeRegional NewsEuropePreussag to acquire part of Nouvelles Frontieres

Preussag to acquire part of Nouvelles Frontieres

Preussag<.> is expanding its European operations, by acquiring a 34.4% of Nouvelles Frontieres

Preussag<.> is expanding its European operations, by acquiring a 34.4% of Nouvelles Frontieres, France`s leading tour operator. This acquisition will be accomplished by the year 2002.



This strategic alliance will give the Preussag/TUI group a great business basis as Micheal Frentzel, Preussag`s CEO said.



NF is France`s only fully vertically-integrated travel group with a multichannel sales system which ranges from sales in its 237 shops, Internet, Teletext, Minitel and call centers. It also owns 22 Paladin hotels with 6900 beds, two airlines (Corsair & Aerolyon) with 15 aircraft, six of which are 747s.

With 2.4 million customers, it is France`s market leader.



This strategic alliance is a reaction to C&N`s acquisition of Havas Voayages earlier this year and is subject to European Commission approval.

Co-Founder & Managing Director - Travel Media Applications | Website | + Posts

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

21/02/2024
20/02/2024
19/02/2024
16/02/2024
15/02/2024
14/02/2024