Europe’s largest tour operator said the extra cash would “strengthen the group’s equity and balance sheet and secure liquidity for the ongoing pandemic in 2021”.
The Mordashov family, which is Tui’s largest shareholder through its company Unifirm Ltd, has agreed to contribute to the fundraising.
Tui Group secures €1.8 billion funding package
Operators
Rob Gill
3 December 2020
Tui Group has secured an extra €1.8 billion (£1.63 billion) in funding from the German government, banks and its largest shareholder.
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