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

105 Ships | 217,624 Berths | $62 Billion | View

New 2021 Drydock Report

Cruise Industry News Drydock Report

Highlights:

Market Overview

100 Pages

Full Intelligence

2021-2023

Best Practices

Full Coverage

Order Today

All New Executive Guide

Cruise Executive Guide 2021

Highlights:

Reach the Lines

New for 2021

All Brands

New Companies

Decision Makers

Instant Download

Order Today