City duo book places on First Choice-TUI tie-up
Allen & Overy (A&O) and Herbert Smith have landed the lead roles on the latest major tie-up in the fast-consolidating travel sector - the merger bid between UK holiday giant First Choice and German group TUI. The deal, which was announced today (19 March), will see First Choice combine with the tourism arm of TUI to create TUI Travel - a London-listed company with annual revenues of around £12bn.
March 19, 2007 at 09:10 AM
2 minute read
Allen & Overy (A&O) and Herbert Smith have landed the lead roles on the latest major tie-up in the fast-consolidating travel sector – the merger bid between UK holiday giant First Choice and German group TUI.
The deal, which was announced today (19 March), will see First Choice combine with the tourism arm of TUI to create TUI Travel – a London-listed company with annual revenues of around £12bn.
A&O is advising TUI – the owner of Thomson Holidays – with City corporate partner Alistair Asher leading a team that includes fellow corporate partner Don McGown and tax partner Patrick Mears.
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