TUI AG closed the sale of the international business of Preussag Energie GmbH, Lingen…
TUI AG closed the sale of the international business of Preussag Energie GmbH, Lingen. OMV AG paid about 300 million euros for all shares in this business.
All the conditions of the contract concluded between TUI and OMV in January
2003 have now been fulfilled. As agreed, the effective date for the transfer of shares is 1 January 2003. TUI AG/s supervisory board approved the deal back in January.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
