• Tui merger is on
German tour operator Tui has revealed plans to merge with its UK associate Tui Travel. The merger will create the world’s largest travel group, reports the Financial Times. 

Tui AG already owns 54.5% of the UK company, and called off a merger in early 2013. Today, an all share combination has been agreed, and the new company will seek a listing in London.
Read the full story here:
http://www.ft.com/cms/s/0/190584da-fe0d-11e3-bd0e-00144feab7de.html
 
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