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Encyclopedia > Preussag AG

Preussag AG was a German mining concern which later operated in a variety of industries. It was incorporated in October 9, 1923 as Preußische Bergwerks- und Hütten-Aktiengesellschaft (Prussian Mine and Foundary Company). October 9 is the 282nd day of the year (283rd in leap years) in the Gregorian calendar. ... 1923 (MCMXXIII) was a common year starting on Monday (link will take you to calendar). ...


In 1927 it was merged with the Ruhr coal company, Hibernia AG, and electricity utility to become the Vereinigte Elekrizitäts und Bergwerks AG (VEBA AG) (United Electrical and Mining Company). Map of the Ruhr Area The Ruhr Area (German Ruhrgebiet, colloquially Ruhrpott or Kohlenpott or simply Pott) is an urban area in North Rhine-Westphalia, Germany, consisting of a number of large (former) industrial cities bordered by the rivers Ruhr to the south, Rhine to the west, and Lippe to...


With the sale of Salzgitter AG and purchase of the navigation and logistics company Hapag-Lloyd AG in 1997, Preussag AG became a global enterprise in the service and leisure industry. In addition the company acquired 25% of Thomas Cook shares in 1997, which it doubled the following year. On February 2, 1999 the Carlson Leisure Group merged with Thomas Cook into a holding company owned by the German bank, Westdeutsche Landesbank, Carlson Inc and Preussag [1]. However, in mid-2000 Preussag acquired Thomas Cook's rival Thomson Travel and was forced to sell its majority 50.1% stake in Thomas Cook by regulatory authorities. Hapag-Lloyd is a German transportation company comprising a cargo container shipping line and a cruise line. ... Thomas Cook (22 November 1808 – 18 July 1892) of Melbourne, Derbyshire, founded the travel agency that bears his name. ... February 2 is the 33rd day of the year in the Gregorian Calendar. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... A holding company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. ... WestLB AG is a universal bank based in Düsseldorf, Germany which is partly owned by the German state of Nordrhein-Westfalen. ...


Effective July 1, 2002 the Preussag AG were renamed as TUI AG. July 1 is the 182nd day of the year (183rd in leap years) in the Gregorian Calendar, with 183 days remaining. ... For album titles with the same name, see 2002 (album). ... TUI AG (Touristik Union International) is a German based company. ...


References

  1. ^ Westdeutsche Landesbank-Carlson-Thomas Cook (Merger) (HTML). Commission of the European Communities (1999). Retrieved on 26 May 1999.


 

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