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KLM Royal Dutch Airlines has sold its 9% stake in TUI Nederland N.V. to the
parent organization TUI Group GmbH for EUR 7.25 million, generating for KLM
a book profit of EUR 5.6 million.
KLM acquired the 9% stake in TUI Nederland N.V. following the merger
between Arke and Holland International in 1996. In the merger, TUI Group
GmbH retained 91% of the shares and KLM 9%, because KLM already had a stake in Holland International. |
