TUI buys into Romanian tour operator

German company TUI, Europe’s largest tour-operator, took over 70% in Danubius Travel Agency, one of the biggest such companies in Constanta, the German group said. Danubius operates in business tourism and cruises and was established in 1991 by two Romanian partners, Camelia Dinu and Ciprian Popescu, who now own 30% in the agency. The transaction’s value was not disclosed. The German tour-operator deems Romania and Bulgaria as two of the European markets with the biggest potential for tourism growth, given the very good price-quality ratio, said Wolfgang Bremer, head of the management division of the TUI portfolio. ZF