In 2014, two of the world's largest travel companies announced that they had agreed to terms on a merger. London-based TUI Travel announced that it was merging with TUI AG, its European counterpart to create the world's largest tour operator with over 30 million customers in hundreds of countries. The companies initially hoped to achieve €170m of costs savings and tax benefits as well as streamlining its cumbersome holding structure.
Q1 hedge fund letters, conference, scoops etc

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