Agreement with TUI Marine
29 Juli 2010 - 12:04PM
UK Regulatory
TIDMCNMI TIDMTT.
RNS Number : 1508Q
Camper & Nicholsons Marina Inv Ltd
29 July 2010
Camper & Nicholsons Marina Investments Limited ("CNMI" or the "Company")
Agreement with TUI Marine, part of TUI Travel PLC
CNMI announces that it has contracted with TUI Marine for the TUI-owned luxury
charter operator, The Moorings, to base its southern Caribbean operation in
Camper & Nicholsons' Port Louis Marina, in Grenada W.I. from October 2010. The
agreement envisages that over 30 charter yachts will be based in Port Louis,
together with offices, briefing rooms and other support facilities.
CNMI and TUI Marine have also agreed to collaborate on future opportunities and
to seek further opportunities in the marina and yacht charter sector.
C&N Marinas Chairman, Nick Maris, said, "We are delighted that The Moorings have
chosen Port Louis as their base in the region, and I have no doubt that Grenada
will become a favourite destination for their charter customers. Our discussions
with TUI have included collaborating with their other yachting brands, and in
other marina locations. This could involve entering new markets as well as
places where C&N or TUI already operate. We look forward to pursuing these plans
together."
Lex Raas, CEO of TUI Marine, noted, "We recognise Camper & Nicholsons as an
internationally renowned brand in the yachting industry, and are looking forward
to exploring mutually beneficial opportunities at destinations around the
world."
Enquiries:
+-------------+---------------------+
| Camper | |
| & | |
| Nicholson | |
| Marina | |
| Investments | |
| Limited | |
| | |
+-------------+---------------------+
| Nick | Tel: |
| Maris | +44 |
| | (0)20 |
| | 8334 |
| | 4787 |
+-------------+---------------------+
| | |
+-------------+---------------------+
| | |
+-------------+---------------------+
| Collins | |
| Stewart | |
| Europe | |
| Limited | |
+-------------+---------------------+
| | |
+-------------+---------------------+
| Bruce | Tel: |
| Garrow | +44 |
| / Adam | (0)20 |
| Miller | 7523 |
| | 8350 |
+-------------+---------------------+
Note to Editors:
About Camper & Nicholsons Marinas
· Camper & Nicholsons is widely recognised to be one of the world's oldest
and most prestigious yachting business names, with origins dating back to 1782.
· The Company has specialised in marina and waterfront development for over
40 years and has provided services to clients in more than 25 countries
worldwide.
· Projects range from small marinas through to developments of over 500
hectares.
· Camper & Nicholsons Marinas International Ltd is a wholly owned
subsidiary of Camper & Nicholsons Marina Investments Limited, listed on the AIM
market of the London Stock Exchange.
About TUI Travel PLC
· TUI Travel PLC is the world's leading international leisure travel group,
operating in approximately 180 countries worldwide and serving more than 30
million customers.
· Headquartered in Crawley, near Gatwick airport in the UK, the Group
employs approximately 50,000 people and operates a pan-European airline
consisting of 146 aircraft.
· In the financial year ended 30 September 2009 TUI Travel had revenues of
GBP13.9bn and an underlying profit before tax of GBP366m.
· The Marine division operates some of the world's leading marine
recreation and yachting brands including The Moorings and Sunsail. It also
includes Le Boat, the largest operator of self-drive boating holidays on the
waterways of Europe.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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