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TUI launches sale of specialist travel portfolio Travelopia - sources

Reuters - UK Focus

FRANKFURT, Sept 21 (Reuters) - Europe's leading tour operator TUI (LSE: 0NLA.L - news) has picked advisors to launch the sale of a portfolio of specialist travel brands in a deal potentially worth 500-600 million euros ($557-$669 million) as it continues a push to sell non-core assets, people close to the matter said.

TUI has asked Citigroup (NYSE: C - news) to find a buyer for the Travelopia unit which comprises over 50 brands offering specialist luxury, adventure and education holidays, the people said.

($1 = 0.8970 euros) (Reporting by Arno Schuetze and Victoria Bryan; Editing by Tina Bellon)