TUI AG

euro adhoc: TUI AG
Strategic management decisions
TUI AG Supervisory Board approved the sale of Hapag-Lloyd AG

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 12.10.2008 TUI AG Supervisory Board approved the sale of Hapag-Lloyd AG Hanover, 12 October 2008. At its meeting held today, the Supervisory Board of TUI AG approved the sale of all shares in Hapag-Lloyd AG to a subsidiary of Albert Ballin KG at an enterprise value of 4.45 billion euro. At the same time, the Supervi-sory Board approved the acquisition of a 33.33 per cent entrepreneurial stake in the new company at a purchase price of 700 million euro. The sale is subject to approval by the anti-trust authorities. The Supervisory Board also approved payment of an appropriate special dividend to the TUI AG shareholders following the completion of the sale. The amount to be distributed for the 2008 financial year will be determined in the framework of the preparation of the annual financial statements. The Group´s strong liquidity and financial situation resulting from the sale will open up investment opportunities for further expansion of TUI AG´s tourism business. The options explored in this connection also include a takeover of the outstanding shares in TUI Travel PLC. Some of the information in this press release may contain predictions, expectations or forward-looking statements. These statements may entail known or unknown risks or uncertainties. Actual results and developments may therefore differ materially from the expressed expectations and assumptions. The performance of financial markets, the development of exchange rates, amendments to national and international laws, in particular concerning tax regulations, may also have an impact. Except as provided by law, the Company undertakes no obligation to update forward-looking statements. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: TUI AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Investor relations contact: Björn Beroleit, phone +49(0)511 566-1310 Nicola Gehrt, phone +49(0)511 566-1435 Group Communications contact: Uwe Kattwinkel, phone +49(0)511 566-1417 Robin Zimmermann, phone +49(0)511 566-1488 Branche: Transport ISIN: DE000TUAG000 WKN: TUAG00 Index: MDAX, CDAX, HDAX, Prime All Share Börsen: Börse Frankfurt / regulated dealing/prime standard Börse Berlin / regulated dealing Börse Hamburg / regulated dealing Börse Stuttgart / regulated dealing Börse Düsseldorf / regulated dealing Börse Hannover / regulated dealing Börse München / regulated dealing

Das könnte Sie auch interessieren: