The European travel giant on Tuesday (17 May) confirmed it would launch a new capital increase, with the aim of "returning to normality quickly and focusing on new growth".
Proceeds from the capital increase along with existing cash resources will be used to repay, in full, €671 million secured from the German government’s economic stabilisation fund.
Tui will issue around 162 million new shares, equivalent to around 10% of the group’s share capital. New shares will be offered exclusively to institutional investors.
