Brussels, 06/06/2007 (Agence Europe) - On Monday 4 June, the European Commission approved the proposed acquisition of First Choice, a UK travel services company, by TUI, parent of the German TUI group, active in tourism and shipping services. The Commission's decision is conditional upon the divestiture by TUI of its Irish business operating under the 'Budget Travel' brand.
The proposed takeover could result in horizontal overlaps, in particular in the supply of package holidays, inter alia...