First Choice, TUI Complete Merger

The merger between First Choice Holidays PLC and the tourism division of TUI AG, which creates TUI Travel PLC, has successfully been completed.

First Choice Holidays' stock listing was cancelled Monday morning on the London Stock Exchange and the ordinary shares of the combined group, TUI Travel, began trading on the exchange under the stock symbol TT.L.

According to the newly formed TUI Travel, a detailed review of all its businesses will take place over the coming months, and it plans to present the results of that review in January.

TUI Travel consists of more than 200 brands worldwide, with a 30 million-strong customer base from more than 20 source markets; a fleet of 155 aircraft in Europe; almost 3,600 retail locations in the U.K., Ireland and continental Europe; and 48,000 employees.

TUI Travel includes a number of North American tour operator brands including Country Walkers, International Expeditions, Intrav, Travcoa, Park East, TCS Expeditions, Trek America, Footloose, and the Moorings, among others.