By Reuters Staff
1 Min Read
FILE PHOTO: The TUI logo is seen at the TUI travel centre following the coronavirus disease (COVID-19) outbreak, in Hanley, Stoke-on-Trent, Britain, July 28, 2020. REUTERS/Carl Recine
FRANKFURT (Reuters) - Holiday company TUI Group on Thursday said it has agreed to sell its 49% stake in Spain’s RIU Hotels SA to co-owner RIU-Group in a deal giving the joint venture an enterprise value of 1.5 billion euros ($1.8 billion).
TUI said the expected net cash consideration for the sale stands at 540 million euros, adding that including an earn-out-element - payable once RIU Hotels SA delivers its budgets for 2022 and 2023 - it would grow to 670 million euros.
By Reuters Staff
(Recasts with Health Ministry statement)
VIENNA, May 25 (Reuters) - Austria is banning direct flights and tourist visits from Britain because of the prevalence there of a highly infections coronavirus variant first found in India, the health ministry said on Tuesday.
Britain was added overnight to Austria’s list of “virus variant states”, joining Brazil, India and South Africa, from which arrivals are only allowed in a limited number of cases, the ministry said in a statement.
“Essentially, only Austrian citizens and people who are resident or habitually stay in Austria may enter the country,” it said, adding that entry would also be allowed on humanitarian grounds or for visits in the national interest.
By Reuters Staff
1 Min Read
FILE PHOTO: Campari CEO Bob Kunze-Concewitz poses during a photo call of The Legend of Red Hand short movie in Milan, Italy, January 30, 2018. REUTERS/Massimo Pinca
ROME (Reuters) - Italian drinks group Campari targets premium brands and is focused on the United States and Asia as it presses on with its acquisition strategy, its chief executive was quoted as saying on Monday.
“Yes . Campari has built a structure capable of managing revenues that are higher than our current ones,” CEO Bob Kunze-Concewitz told La Stampa daily in an interview, when asked whether the group would continue with M&A deals.
Greece expects tourist arrivals this year to reach half the levels seen in 2019, a government spokeswoman said on Friday, after the coronavirus pandemic led to the country's worst tourism season in decades in 2020.
2 Min Read
LONDON (Reuters) -Britain is set to announce the green list for countries that people can travel to on holiday shortly, and will have the right procedures in place to ensure travel can happen safely, said trade minister Liz Truss on Tuesday.
Slideshow ( 2 images )
Hopes that Britons will be able to travel to Europe rose on Monday after the European Union recommended easing restrictions to allow in people who were fully vaccinated or from countries with a “good epidemiological situation”, boosting travel stocks.
The British government said in mid-April it would announce which countries would be open for quarantine-free travel from England in early May, ahead of a plan to allow holidays again from May 17 at the earliest.