Preussag: Out Of The Steel Mill And Onto The Beach

How a dinosaur became a top European travel operator

A few years ago, Europeans would have turned to Germany's Preussag for travel advice only if they planned to vacation in a coal mine. The Hanover company, founded 75 years ago in the coal fields of Prussia, was once a typical conglomerate--big in dying industries such as steelmaking and shipbuilding.

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