TUI strengthens cruises joint venture via $767 million unit sale

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Holiday company TUI on Friday said it would receive 700 million euros ($767 mill...

The deal with TUI Cruises, a 50-50 venture, values the unit at 1.2 billion euros and is expected to be completed in summer 2020.

“TUI and Royal Caribbean Cruises have developed the joint venture company on the basis of a strong partnership over the past 10 years,” Joussen said.

 

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