Global tour operating giant TUI AG takes up 25% slice in Aitken Spence Travel Ltd

Global tour operating giant TUI AG, is taking up a 25 percent slice in Aitken Spece Travel Ltd., to jointly develop Sri Lanka as an attractive holiday destination. Global tour operating giant TUI AG, is taking up a 25 percent slice in Aitken Spece Travel Ltd., to jointly develop Sri Lanka as an attractive holiday destination. Aitken Spence Travel is a fully owned subsidiary of bluechip conglomerate Aitken Spence & Co. Ltd.

The union joins the global tourism company TUI AG with a turnover exceeding 12.8 billion euros with over 64,500 staff and one of the leaders in the leisure industry in Sri Lanka.

Aitken Spence, the country's second-largest diversified group, has more than 40 units and associates focused mainly on tourism and cargo handling.

It also has operations in power generation, manufacturing, property development and management services, as well as interests in tea and rubber plantations. The US$ 100 mn turnover group employees over 4,000 employees.

"TUI AG's investment in Sri Lanka is a clear demonstration of the confidence that TUI has in Sri Lanka as a potential tourism destination," the company said in a statement to the stock excha