The British travel agent AIRTOURS (taxable profit of GBP 156.5 million for the last financial year) is on the verge of concluding several operations: i) the complete take over of the deficit suffering German tour operator FROSCH TOURISTIK (turnover of DM 1.75 billion in 1998/1999 with more than 1.9 million passengers) with the acquisition, for GBP 25.4 million, the 64.08% of capital that it still did not own, ii) the merger and cut back of its activities in France and Belgium, iii) the...