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Carnival to Sell Stake in British Tour Operator.
Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News) Publication Date: 22-MAY-01 |
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COPYRIGHT 2001 The Miami Herald
Byline: Cynthia Corzo
May 22--Cruise giant Carnival Corp. will sell its 25 percent holding of Airtours PLC, the largest tour operator in Britain, citing a shift in Airtours' corporate strategy.
The companies, which had close ties since 1996 when Carnival bought a minority stake in Airtours, began parting ways last year when Carnival bought Airtours' 50 percent stake in Costa Cruises.
Carnival will place approximately...
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