No decision has been made yet, but Tui's board is considering proposing a delisting resolution at the group's annual general meeting in February 2024.
The company's CEO stated that the potential delisting is not related to Brexit.
The potential shift to Germany could lower costs and provide potential benefits to European Union airline ownership and control requirements.
Tui, Europe's largest tour operator, is considering delisting from the London Stock Exchange and moving to a single listing in Germany.
Tui, Europe's largest tour operator, is contemplating a significant shift in its stock exchange listing. The company is considering delisting from the London Stock Exchange and moving to a single listing in Germany, specifically on Frankfurt's MDAX50 index. This move is being evaluated for its potential benefits, including cost savings and a more prominent position on the MDAX50 index.
The company has been approached by shareholders to discuss the advantages of this move. The shareholders have questioned whether the current listing in the UK is optimal and advantageous. The potential shift to Germany could lower costs and provide potential benefits to European Union airline ownership and control requirements.
The UK market has seen a decline in liquidity and investment as companies opt to list elsewhere, particularly in the US. Tui's decision to explore relocating its listing to Frankfurt is driven by notable liquidity migration from the UK to Germany since the merger of the British and German Tui businesses in 2014.
The company's CEO stated that the potential delisting is not related to Brexit. No decision has been made yet, but Tui's board is considering proposing a delisting resolution at the group's annual general meeting in February 2024.
In other news, Tui reported strong earnings and expects further growth next year. The company is exploring the potential benefits of a single listing in Germany, including a more prominent position on Frankfurt's MDAX50 index and cost savings.
The company is exploring the potential benefits of a single listing in Germany, including a more prominent position on Frankfurt's MDAX50 index and cost savings.
Tui's decision to explore relocating its listing to Frankfurt is driven by notable liquidity migration from the UK to Germany since the merger of the British and German Tui businesses in 2014.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(100%)
The article is straightforward and factual, with no apparent deception.