18th May 2022 11:08
TUI AG - Anglo-German tour operator - Raises EUR425 million gross from placing of 162.3 million shares at a price of EUR2.62 each via an accelerated bookbuild. The new shares represent 10% of the total outstanding before the placing. Fundraise was first announced on Tuesday and will be used to pay back German government Covid-19-related aid of EUR671 million. Once this is done, the company may resume paying dividends, as suspension of dividends until repayment was a condition for the aid. Read More