TUI could delist from London Stock Exchange
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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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