Source - SMW
Travel company TUI said it had completed the sale of Hapag-Lloyd Cruises to its joint venture with Royal Caribbean, for an enterprise value of around €1.2bn.

'The transaction is closed in a difficult market environment on the terms and conditions agreed,' TUI said.

The deal was first flagged in February.

At 9:54am: (LON:TUI) Tui AG share price was -1.45p at 365.45p

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