TUI could delist from London Stock Exchange


TUI could delist from London Stock Exchange

Friday, 06 Dec, 2023 0

Travel firm TUI says it is mulling delisting from the London Stock Exchange.

It says some shareholders had questioned whether the LSE listing was ‘advantageous.’

It could instead go for a full listing in Frankfurt.

TUI could put the question to a shareholder vote next year.

Although it has listed on the London Sock Exchange for nearly 20 years, it already has a secondary listing in Frankfurt.

A London delisting would need the support of at least 75% of shareholders.

CEO Sebastian Ebel said it is not a result of Brexit or any other political issue.

He said the UK is still a key market for the business.

TUI CFO, Mathias Kiep said about 75% of the company’s shares are traded in Germany.

The TUI Group surpassed revenues of €20 billion for the first time for the full year, and TUI UK contributed a €71 million profit.



Learn more about :   TUI ( United Kingdom )  



 

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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



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