Rumours: TUI with capital increase and German Government as new shareholder
September 24, 2020
Bond holders of the world’s largest travel agency, TUI, have agreed to allow the company to become more indebted. Besides that, there are new discussions whether the Hanover-based company needs another capital injection or the state of Germany should become shareholder as it recently took place in the case of Lufthansa. Analysts however state that state entry would not come cheap as The interest rate on the existing bond, which runs until October 2021, would have to be increased.
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