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Europe Daily Bulletin No. 7818

12 October 2000
Contents Publication in full By article 35 / 45
ECONOMIC INTERPENETRATION / (eu) tourism

The German group PREUSSAG and French travel agency NOUVELLES FRONTIERES (FF 10.9 bn turnover in 1999) have concluded an industrial and capital alliance giving rise to Europe's number one group in the tourist industry, thanks to the German firm's recent purchase of THOMSON TRAVEL (see EI of 17 May). Under the terms of the plan, PREUSSAG will gradually take a minority 34% block share of the French group, by March 2002, valuing NOUVELLES FRONTIERES at FF 4 bn.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION