MSBremen Photo: Hapag-Lloyd Cruises

Germany- based TUI Group has actually finished the sale of its subsidiary Hapag-Lloyd Cruises to TUI Cruises, a joint endeavor which TUI has with Royal Caribbean.

TUI Group consented to the sale in February for a business worth approximated at 1.2 billion euros.

All authorizations consisting of merging clearance by the EU compensation have actually currently been met. TUI stated the deal enclosed a hard market setting on the terms concurred.

The transfer of the private Hapag-Lloyd Cruises vessels to the joint endeavor will certainly be finished in the coming days.

In its brand-new set up, the Hapag-Lloyd Cruises brand name will certainly remain to supply high-end and also exploration cruise ships in German- talking markets. The fleet presently includes 2 high-end cruise liner (MS Europa and also MS Europa 2) in the 5-star-plus classification and also 3 exploration cruise liner. Another exploration cruise liner is currently unfinished and also will certainly be provided in 2021, changing MS Bremen.

TUI Cruises efficiently offers the costs section in German- talking markets with the“Mein Schiff” The “Mein Schiff” fleet presently consists of 7 ships.