TUI Group wraps up sale of Hapag-Lloyd Cruises

Agreed in February this year, the transaction is estimated at €1.2 billion.

“All approvals including merger clearance by the EU commission have now been fulfilled. The transaction is closed in a difficult market environment on the terms and conditions agreed,” the group said in a statement.

“The transfer of the individual Hapag-Lloyd Cruises vessels to the joint venture will be completed in the coming days.”

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