11 May 2007

TUI AG shares fall sharply

Europe's largest travel and shipping company TUI AG has had a sharp drop in market value. The 2.4% drop is mainly attributed to the shipping arm of the company and not the travel business which perfomed better than last year reaching 2.59 billion Euros.

TUI AG is still planning a restructure of its travel business, possibly merging it with British First Choice Holidays Plc.

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