LONDON Dec 8 TUI Group, Europe's
largest travel company, said the sale of its specialist holiday
arm Travelopia was progressing and it expected the deal to close
in the first half of its financial year.
TUI put Travelopia, comprised of over 50 brands offering
specialist luxury, adventure and education holidays, on the
block in September in a deal potentially worth 500-600 million
Chief Executive Fritz Joussen told reporters on Thursday
that the asset was attracting a lot of interest.
"We have now indicative offers in, and in the first-half of
the financial year we will be hopefully closing the
transaction," he said.
TUI's first half runs until the end of March.
(Reporting by Sarah Young, Editing by Paul Sandle)