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What the new Labour government means for your money

Now that the dust has settled on the election we can take stock of what a Labour win will mean for your finances

DER Touristik in advanced talks to take over rival FTI - Handelsblatt

Reuters

BERLIN (Reuters) - Germany's tour operator DER Touristik, a unit of retail group REWE, is in advanced negotiations regarding a takeover of Munich-based rival FTI, daily Handelsblatt reported on Thursday citing people familiar with the transaction.

A precondition for the deal would be a massive cut of FTI's debt, which amounted to around 1 billion euros ($1.1 billion), the paper said.

($1 = 0.9292 euros)

(Reporting by Kirsti Knolle; Editing by Paul Carrel)