Sale of Hapag-Lloyd Cruises to TUI Cruises Completed

Hanseatic Nature

The TUI Group has successfully completed the sale of its subsidiary Hapag-Lloyd Cruises to TUI Cruises, according to a press release.

Hamburg-based TUI Cruises is a joint venture between TUI and Royal Caribbean Group.

TUI had agreed to the sale in February. The enterprise value was estimated at 1.2 billion euros.

All approvals including merger clearance by the EU commission have now been fulfilled, according to TUI Group.

Cruise Industry News Email Alerts

 

Email Newsletter

Get the latest breaking cruise news. Sign up.

Cruise Ship Orderbook

101 Ships | 209,402 Berths | $61 Billion | View

New 2021 Luxury Report

Cruise Industry News Luxury Report

Highlights:

Market Overview

40+ New Ships

2021-2027

First to Recover

New Players

Full Coverage

Order Today

All New 2021 Annual

Cruise Industry News 2021 Annual

Highlights:

Entire Industry

Supply Data

All Companies

400 Pages

Digital Access

2027 Outlook

Order Today