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Europe Daily Bulletin No. 7768

29 July 2000
Contents Publication in full By article 20 / 32
GENERAL NEWS / (eu) eu/competition
Commission authorises Preussag's acquisition of Thomson Travel (tourism)

Brussels, 28/07/2000 (Agence Europe) - The European Commission has authorised the German firm Preussag AG to acquire the UK travel company Thomson Travel Group Plc. The acquisition, at a cost of 180 pence a share, will create the world's number one tourism firm with net sales of around 12 billion euros and 17.4 million customers a year. The Commission's investigation revealed that the only markets on which the parties' activities overlapped significantly were the UK and Irish foreign...

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