The Hannover-based company has its shares traded in London and in Germany, but there are moves afoot to ditch the main London listing.
Mathias Kiep, Tui Group chief finance officer, said 75% of shares were held in Germany. “The shareholder structure changed since Covid and after a capital increase.
“That is why shareholders asked if we should still have this governance structure. That is the driver behind considering this for a shareholder vote.”
The next step will be at Tui Group’s annual general meeting on 13 February next year, when a vote on the proposal is likely to be held. Kiep said details would be available “in two to three weeks”.
The vote will need to be ratified by at least 75% of shareholders.
Kiep added Tui had cut its debt by €1.3 billion to €2.1 billion. “This is a very good basis to grow the company.”
