THE world’s largest leisure tourism business TUI Group has purchased the luxury cruise ship MS Europa 2 from its Swiss owner for €278 million (A$403.6 million).
The purchase price detailed will be made up of €67m in cash and €211m in existing debt.
TUI Group says the purchase will enable it to improve the financial results of its Hapag-Lloyd brand, which operates the MS Europa 2, through savings on charter fees of €27 million per year.