| 
               
              
              Finnair  | 
              
               
              
              1995  | 
              
               
              
              $90m  | 
              
               
              
              Transport  | 
              
               
              
              Finland  | 
              
               
              
              Privatisation  | 
              
               
              
              Privatisation of Finnair  | 
            
            
              | 
               
              
              Rio Tinto  | 
              
               
              
              1995  | 
              
               
              
              £20bn  | 
              
               
              
              Other  | 
              
               
              
              UK/Australia  | 
              
               
              
              Merger  | 
              
               
              
              Synthetic (DLC) merger of RTZ and CRA  | 
            
            
              | 
               
              
              Scandic Hotels  | 
              
               
              
              1996  | 
              
               
              
              £200m  | 
              
               
              
              Hospitality  | 
              
               
              
              Sweden  | 
              
               
              
              IPO  | 
              
               
              
              IPO of Scandic Hotels  | 
            
            
              | 
               
              
              Thistle Hotels  | 
              
               
              
              1997  | 
              
               
              
              £620m  | 
              
               
              
              Hospitality  | 
              
               
              
              UK  | 
              
               
              
              IPO  | 
              
               
              
              IPO of Thistle Hotels  | 
            
            
              | 
               
              
              BAA consortium  | 
              
               
              
              1997  | 
              
               
              
              A$1.3bn  | 
              
               
              
              Transport  | 
              
               
              
              Australia  | 
              
               
              
              Acquisition  | 
              
               
              
              Acquisition of Melbourne Airport  | 
            
            
              | 
               
              
              British Regional Airlines  | 
              
               
              
              1998  | 
              
               
              
              £61m  | 
              
               
              
              Transport  | 
              
               
              
              UK  | 
              
               
              
              IPO  | 
              
               
              
              IPO of British Regional Airlines  | 
            
            
              | 
               
              
              DHL  | 
              
               
              
              1998  | 
              
               
              
                            | 
              
               
              
              Transport  | 
              
               
              
              Belgium  | 
              
               
              
              Disposal  | 
              
               
              
              Sale of strategic stake to Deutsche Post  | 
            
            
              | 
               
              
              TAP Air Portugal  | 
              
               
              
              1999  | 
              
               
              
                             | 
              
               
              
              Transport  | 
              
               
              
              Portugal  | 
              
               
              
              Valuation  | 
              
               
              
              Privatisation of TAP  | 
            
            
              | 
               
              
              Whitbread  | 
              
               
              
              1999  | 
              
               
              
              £578m  | 
              
               
              
              Hospitality  | 
              
               
              
              UK  | 
              
               
              
              Acquisition  | 
              
               
              
              Acquisition of Swallow  | 
            
            
              | 
               
              
              Dobbs  | 
              
               
              
              1999  | 
              
               
              
              $780m  | 
              
               
              
              Transport  | 
              
               
              
              USA/Switzerland  | 
              
               
              
              Acquisition  | 
              
               
              
              Acquisition by SAirGroup  | 
            
            
              | 
               
              
              Swissair  | 
              
               
              
              1999  | 
              
               
              
              $230m  | 
              
               
              
              Transport  | 
              
               
              
              S Africa/Switzerland  | 
              
               
              
              Acquisition  | 
              
               
              
              Acquisition of strategic stake in SAA  | 
            
            
              | 
               
              
              Dynair  | 
              
               
              
              1999  | 
              
               
              
              $155m  | 
              
               
              
              Transport  | 
              
               
              
              USA/Switzerland  | 
              
               
              
              Acquisition  | 
              
               
              
              Acquisition by SAirGroup  | 
            
            
              | 
               
              
              LOT Polish Airlines  | 
              
               
              
              1999  | 
              
               
              
              $183m  | 
              
               
              
              Transport  | 
              
               
              
              Poland/Switzerland  | 
              
               
              
              Disposal  | 
              
               
              
              Sale of strategic stake to Swissair  | 
            
            
              | 
               
              
              British Midland  | 
              
               
              
              1999  | 
              
               
              
              £457m  | 
              
               
              
              Transport  | 
              
               
              
              UK/Germany  | 
              
               
              
              Disposal  | 
              
               
              
              Sale of strategic stake to Lufthansa  | 
            
            
              | 
               
              
              easyJet  | 
              
               
              
              2000  | 
              
               
              
                 | 
              
               
              
              Transport  | 
              
               
              
              UK  | 
              
               
              
              IPO  | 
              
               
              
              IPO of easyJet  | 
            
            
              | 
               
              
              DHL  | 
              
               
              
              2000  | 
              
               
              
              $1.2bn  | 
              
               
              
              Transport  | 
              
               
              
              Belgium  | 
              
               
              
              Financing  | 
              
               
              
              Air fleet replacement and financing  | 
            
            
              | 
               
              
              Fraport  | 
              
               
              
              2001  | 
              
               
              
              €863m  | 
              
               
              
              Transport  | 
              
               
              
              Germany  | 
              
               
              
              Privatisation  | 
              
               
              
              Privatisation of Fraport  | 
            
            
              | 
               
              
              Compass  | 
              
               
              
              2001  | 
              
               
              
              £3.3bn  | 
              
               
              
              Hospitality  | 
              
               
              
              UK  | 
              
               
              
              Disposal  | 
              
               
              
              Sale of Forte hotel brands  | 
            
            
              | 
               
              
              DHL  | 
              
               
              
              2003  | 
              
               
              
                 | 
              
               
              
              Transport  | 
              
               
              
              US/Belgium  | 
              
               
              
              Acquisition  | 
              
               
              
              Acquisition of Airborne Express  | 
            
            
              | 
               
              
              DHL  | 
              
               
              
              2003  | 
              
               
              
              AUD456m  | 
              
               
              
              Transport  | 
              
               
              
              Canada/Belgium/Australia  | 
              
               
              
              Acquisition  | 
              
               
              
              Acquisition of Mayne Loomis Logistics  | 
            
            
              | 
               
              
              Holidaybreak  | 
              
               
              
              2004  | 
              
               
              
                 | 
              
               
              
              Travel  | 
              
               
              
              UK/Holland  | 
              
               
              
              Acquisition  | 
              
               
              
              Acquisition of Bookit  | 
            
            
              | 
               
              
              Holidaybreak  | 
              
               
              
              2005  | 
              
               
              
                 | 
              
               
              
              Travel  | 
              
               
              
              UK/Holland  | 
              
               
              
              Acquisition  | 
              
               
              
              Acquisition of Hotels.nl  | 
            
            
              | 
               
              
              Bank of Scotland  | 
              
               
              
              2007  | 
              
               
              
              £925m  | 
              
               
              
              Hospitality  | 
              
               
              
              UK  | 
              
               
              
              Acquisition  | 
              
               
              
              Acquisition of NHP  | 
            
            
              | 
               
              
              Whitbread  | 
              
               
              
              2007  | 
              
               
              
              £44m  | 
              
               
              
              Hospitality  | 
              
               
              
              UK  | 
              
               
              
              Acquisition  | 
              
               
              
              Acquisition of Golden Tulip  | 
            
            
              | 
               
              
              Whitbread  | 
              
               
              
              2008  | 
              
               
              
              £19m  | 
              
               
              
              Hospitality  | 
              
               
              
              UK  | 
              
               
              
              Acquisition  | 
              
               
              
              Acquisition of hotels from The Real Hotel Company  | 
            
            
              | 
               
              
              Carlson and Rezidor  | 
              
               
              
              2010  | 
              
               
              
                 | 
              
               
              
              Hospitality  | 
              
               
              
              US/Belgium/Taiwan  | 
              
               
              
              Disposal  | 
              
               
              
              Sale of Regent Hotels  | 
            
            
              | 
               
              
              Hoseasons  | 
              
               
              
              2010  | 
              
               
              
              $60m  | 
              
               
              
              Travel  | 
              
               
              
              UK/US  | 
              
               
              
              Disposal  | 
              
               
              
              Sale of Hoseasons to Wyndham  | 
            
            
              | 
              
              Thomas Cook | 
              
              
              2013 | 
              
                | 
              
              
              Travel | 
              
              
              UK | 
              
              
              Disposals | 
              
              
              Various disposals as part of corporate turnaround | 
            
            
              | 
              
              Vacalians | 
              
              
              2014 | 
              
                | 
              
              
              Travel | 
              
              
              France/UK | 
              
              
              Acquisition | 
              
              
              Purchase of Canvas Holidays from Wyndham |