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Decision
At Preussag a decision was made to change the industry -
HAPAG LLOYD AG
Preussag bought HAPAG LLOYD AG, a large German tour operator -
TUI Deutschland
Preussag acquired TUI Deutschland, a leader for package holidays -
Magic Life
Preussag took over significant equity share of Magic Life, a leading all-inclusive holiday club chain -
24.9% of Thomas Cook
Hapag Touristik Union a division of Preussag purchased 24.9 percent of Thomas Cook, leading British tourism and financial services group -
Majority stake of Thomas Cook
Preussag acquired majority stake in Thomas Cook -
Renamed TUI Group
Hapag Touristik Union was renamed TUI Group -
British Thomson Travel Group
TUI group took over British Thomson Travel Group -
A stake in Nouvelles Frontières
TUI group took a stake in Nouvelles Frontieres, French leading tour operator -
Fritidsresor
TUI group acquired Fritidsresor, Scandinavian tour operator -
Leading company with over 200 tourism brands
By the end of 2000, Preussag turned a leading company with over 200 tourism brands -
World of TUI created
All firms and brands put under World of TUI -
TUI Air Management created
Preussag created TUI Air Management to manage six group airlines centrally -
Renamed TUI AG
Shareholders voted for Preussag AG to be renamed TUI AG -
Acquired Nouvelles Frontières
TUI AG completed takeover of Nouvelles Frontieres -
New cost cutting programme
Started new cost cutting programme to adjust to slump in tourism -
TUI China set up
TUI China was set up for tourists visiting Germany -
First low-cost travel tours introduced
TUI AG opened its first low-cost travel tours in Hamburg through online, travel agencies, TV, call centres -
TMR set up
TUI AG set up TMR (TUI Mostravel Russia) through joint venture with Mostravel, a tour operator in Russia -
Touropa.com launched
TUI AG launched virtual tour operator Touropa.com in Germany -
Stake in Le Passage agency
TUI AG entered Indian market with 50 percent holding in agency Le Passage to India -
CP ship
TUI took full control of CP ship, the leading Canadian container shipping line