The EU Commission approves, subject to divestiture, an acquisition in the travel services industry (TUI / First Choice)

"Merger control: Main developments between 1 May and 31 August 2007"* In June the Commission gave its approval to 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 was conditional upon the divestiture by TUI of its Irish business operating under the ‘Budget Travel’ brand. TUI is the parent company of TUI Group, offering package tours, travel agency services, flights, hotel accommodation, car rental and cruises. First Choice is also active in tourism and supplies package tours, flights, travel agency services, car rental and cruises to customers in a number of Member States. The proposed

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Authors

  • J G Associates (Brussels)
  • DG COMP (Brussels)

Quotation

John Gatti, Mary Loughran, The EU Commission approves, subject to divestiture, an acquisition in the travel services industry (TUI / First Choice), 4 June 2007, e-Competitions Bulletin Collective dominance, Art. N° 37763

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