BNPP selling Tui €80m stake
BNP Paribas launched an accelerated bookbuild for 12.85m shares in travel firm Tui, around 5% of the company, on Tuesday night, offering the up to €80m deal in a range that represented a discount of 2.8% to 6.6% to the close, said bankers away from the deal.
It is not yet clear who the seller is market speculation is that it could be Riu Hotels, which owns 5%, while Spains Banco CAM on February 12 disclosed a 12.85m share stake.
Further details on Wednesday.
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