TUI Travel PLC has agreed to dispose of the Thomson Al Fresco business to Homair Vacances. At 30 September 2009 the net book value of the assets1 being sold was £10.3 million.
The transaction is subject to certain condition precedents and is expected to complete in a number of weeks.
1Assets means total non-current assets plus total current assets
For further information please contact:
TUI Travel PLC
Tel: +44 (0) 1293 645 776