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TUI AG

euro adhoc: TUI AG
Mergers - Acquisitions - Takeovers
TUI sells TQ3 business travel division to Dutch BCD

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
03.01.2006
Hanover/Bremen, 3 January 2006. TUI AG has reached an agreement to
sell its business travel activities, operating within its wholly
owned subsidiary of TQ3 Travel Solutions Management Holding GmbH, to
the Dutch BCD Holdings N.V. It was agreed not to disclose the
purchase price. The sale has yet to be approved by the TUI
supervisory board and is also subject to necessary approvals by
anti-trust authorities. The business travel market is currently going
through a process of global consolidation. This provides TUI with the
opportunity of placing this division, which does not belong to its
tourism core business, within a future-oriented business travel
management company. Promising international prospects will be opened
up for the company as well as staff by the purchaser BCD Holdings
N.V. Finalisation of the deal is expected in the first quarter of
2006.
Simultaneously, TQ3 and Navigant have agreed to cancel their joint
venture with effect from 03 January 2006.
TQ3 Travel Solutions is the leading provider of intelligent and
innovative business travel management. BCD Holdings is a private
Dutch company founded in 1975 by John A. Fentener van Vlissingen, now
chairman of the holding company. The company focuses its activities
on the travel services sector, which are offered above all through
its wholly owned subsidiary WorldTravel BTI and in Financial
Management Services. 80 % of the revenues are generated by business
travel, with the rest coming from leisure travel and the financial
services companies.
Address:
TUI AG
Karl-Wiechert-Allee 4
30625 Hannover
List of stock exchanges: Berlin/Bremen, Düsseldorf, Frankfurt,
Hamburg, Hannover, München Stuttgart
ISIN codes:
DE000TUAG000
DE0003659884
DE0002913894
XS0191794782
XS0191795672
XS0195307367
DE000TUAG059
XS0237431837
XS0237433700
XS0237435317
XS0237436711
End of ad-hoc notice
If we comment on forecasts or expectations in this announcement or if
our statements relate to the future, these statements may be
associated with known and unknown risks and uncertainties. Actual
outcomes and developments may, therefore, deviate significantly from
the expressed expectations and assumptions. In addition, the
performance of financial markets and exchange rates as well as
national and international law amendments, particularly with regard
to tax regulations, may have an influence. Except as provided by law,
the company assumes no obligation to update future statements.
end of announcement                               euro adhoc 03.01.2006 15:10:51

Further inquiry note:

Nicola Gehrt
Investor Relations
Telefon: +49(0)511 566 1435
E-Mail: nicola.gehrt@tui.com

Branche: Tourism & Leisure
ISIN: DE0006952005
WKN: 695200
Index: DAX, CDAX, HDAX, Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / official dealing
Hamburger Wertpapierbörse / official dealing
Baden-Württembergische Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Niedersächsische Börse zu Hannover / official dealing
Bayerische Börse / official dealing

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Plus de actualités: TUI AG