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Last Updated: Monday, 4 June 2007, 20:11 GMT 21:11 UK
First Choice-TUI merger cleared
A Thomsonfly plane
Tui owns Thomson Holidays, Crystal Holidays and Simply Travel
First Choice Holidays and TUI, which owns Thomson Holidays, have been given conditional clearance by the European Commission to merge.

The merged company will have to sell TUI's Irish business: Budget Travel.

The Commission ruled that the combination with First Choice's Falcon/JWT business would give the group too much of the Irish market.

The new firm, TUI Travel, will be listed in London and have 27 million customers and £12bn in annual sales.

The clearance followed the Commission's decision last month to allow Thomas Cook to buy the package holiday company MyTravel.

First Choice used to be called Owners Abroad and is based in Crawley in West Sussex.

TUI's Thomson Holidays has been the biggest UK tour operator since 1974.


SEE ALSO
EU approves holiday firms merger
04 May 07 |  Business
First Choice to tie up with TUI
19 Mar 07 |  Business
Thomson to cut 2,600 jobs in UK
15 Dec 06 |  Business
French riots hurt travel company
22 Mar 06 |  Business
TUI to buy shipping firm for $2bn
22 Aug 05 |  Business
UK travel firms to shed 800 jobs
30 Sep 04 |  Business

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