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TUI/Bentour Reisen Share Swap Deal Completes After Regulatory Approval Granted
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TUI/Bentour Reisen Share Swap Deal Completes After Regulatory Approval Granted
A deal seeing TUI acquire a 20% stake in Swiss tourism giant Bentour Reisen has successfully completed, after having received regulatory approval. The deal was first announced last month: TUI Acquires 20% Stake in Swiss Operator Bentour Reisen – ittn.ie The share swap move sees TUI acquire a 20% stake in Bentour Reisen – and Bentour Reisen receive a 20% stake in TUI subsidiary Nazar Nordic. Nazar Nordic provides luxury packages to Türkiye, Greec…
The antitrust authorities have approved the acquisition of 20% of Bentour Reisen AG by TUI Group and the acquisition of 20% of TUI's subsidiary Nazar Nordic by Bentour, thus bringing the transaction into force.
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