TUI rights offer attracts high take-up from shareholders

By Aidan Gregory
27 Jan 2021

Anglo-German travel and tourism group TUI has completed its heavily discounted €544m rights issue, which is part of a bailout of the company.

The capital increase concluded on Wednesday, with a 98.4% take-up from TUI’s shareholders. The remaining shares were placed with investors through an accelerated bookbuild on Wednesday morning, raising €32m.

At the €1.07 offer price in 25 for 69 the rights issue, investors received a 69.9% discount to ...

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