TUI raises capital to repay Corona aid

During a live interview at the fvw|TravelTalk congress in Antalya, Sebastian Ebel stated that he is quickly paying back the financial assistance TUI received from the government due to the COVID-19 pandemic.

The head of TUI, Sebastian Ebel, plans to use the funds from a capital increase to pay off the remaining COVID-19 aid that was provided by the government and any associated interest. He intends to issue subscription rights totaling €1.8 billion to achieve this goal.

;500 million. This means that TUI will be offering new shares to investors, giving them the opportunity to buy a stake in the company. The supervisory board, which is responsible for overseeing the executive board, has given its consent for this move. The aim of the capital increase is to strengthen TUI's finances and provide a solid foundation for the company's future growth." TUI's supervisors have allowed the executive board to increase the company's capital by €500 million using subscription rights. This will enable investors to purchase new TUI shares and own part of the company. The supervisory board has granted approval for this measure, as it is responsible for supervising the executive board. The goal of the capital increase is to provide a secure financial base for TUI's growth prospects.

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