TUI completed its second earnings this year.
Its total turnover is around 1.1 billion euros. Some of which funds will go towards Covid-19.
T-he company’s capital increase on behalf of the company will go from € 524 million to less than € 1.6 billion.
The funds raised from capital expenditures will be used to reduce the KfW credit limit and the bank’s financial infrastructure (RCF).
In the subscription period from 8 to 26 October, existing shareholders can exercise their subscription rights to subscribe for new shares at the rate of 10:21 to € 2.15 per share.
About 97.7% of the subscription rights were used.
According to the announcement, the owner of the Mordashov family anchor Unifirm has expressed full registration authority.
Unifirm gained more market shares and a share of its unlisted shares and increased its stake in TUI AG from 32 percent to around 33 percent.
The non-disclosure amount was then made fully available to eligible entrepreneurs in the warehouse, some of whom went to the Mordashov Unifirm family.