KLM sells shares in TUI Nederland N.V.

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.