The disposal took place in an open market block trade to a guaranteed minimum price close to Monday’s market closing. Prior to this, TUI had already sold 6m shares in individual open market transactions since March 2017.
Horst Baier, TUI group cfo, said: “By disposing of all of its remaining Hapag-Lloyd shares, TUI successfully concludes its non-core business disposal program (…).”
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.