The Supervisory Board of TUI AG discussed the sale of Hapag-Lloyd in its extraordinary meeting held today. The Supervisory Board approved a change in the participation structure of the acquiring company of Hapag-Lloyd AG as well as the lending of additional credit facilities for the Hapag-Lloyd Group.
TUI AG intends to increase its planned remaining stake in the acquiring company from originally 33.33 per cent to 43.33 per cent. In order to ensure the financial stability of the Hapag-Lloyd Group following the ownership change, TUI AG is willing to provide additional credit facilities worth a total of up to 1 billion euros for a limited period of time at customary market terms and conditions. The deal will be closed in the twelfth-calendar week.
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