The announcement marks the granting of all regulatory approvals for the deal, first announced in April, by the relevant authorities. Tui said it “continues its transformation to an integrated tourism group with main focus on hotel and cruise businesses” Fritz Joussen, Tui Group chief executive, said: “With the successful completion of the disposal, we are consistently continuing our strategy. “TUI covers the whole tourism value chain, however, our investments focus on our own products that differentiate us from our competition. Get the full story at Travel Weekly UK