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Apply for travel industry jobs or place your own recruitment briefs.Tui Group secures €1.8 billion funding package
03 Dec 2020by Rob Gill
Tui's Fritz Joussen said the financial package 'provides security' for the company
Tui Group has secured an extra €1.8 billion (£1.63 billion) in funding from the German government, banks and its largest shareholder.
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.
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