Germany’s DER Touristik can take over and start the integration of Kuoni’s European tour operator businesses following European Commission clearance for the mega-deal.

The European Commission announced that it has approved the acquisition as this raised no competition concerns.

“On the markets where both businesses are active, the effects of the transaction are very limited since the combined market share is low or the market increase brought by the transaction is very limited. Furthermore, in those markets there are several credible competitors,” the Commission stated.