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Europe Daily Bulletin No. 7685

27 March 2000
Contents Publication in full By article 37 / 39
ECONOMIC INTERPENETRATION / (eu) tourism

Swiss travel agent KUONI REISEN HOLDING AG has acquired the Indian group SITA WORLD TRAVEL (annual turnover CHF 110 million with 850 employed). The company will be merged with KUONI TRAVEL INDIA (annual turnover CHF 42 million), the Indian subsidiary of KUONI, thus giving rise to a new entity worth around CHF 150 million in turnover that will be the leader in this sector in India.

 

Contents

A LOOK BEHIND THE NEWS: I
A LOOK BEHIND THE NEWS: II
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
SUPPLEMENT