Tous Actualités
Suivre
Abonner TUI AG

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

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

Plus de actualités: TUI AG
Plus de actualités: TUI AG