Rearrangement at Spanish shareholders
| Service |
Hanover, March 30, 2005
Caja de Ahorros del Mediterráneo (CAM), which has been a shareholder of TUI AG since December 2004, has informed TUI in a mandatory notification under the German securities trading law (Wertpapierhandelsgesetz) that it has increased its shareholding to just over 5 percent. Besides, the Riu family gave notification that it has reorganised its indirect investment in TUI and reduced it to the envisaged long-term shareholding of 5.1 percent.
To safeguard its strategic interests the Riu family had acquired close on 10 percent of TUI shares at the beginning of December 2004 and, together with the two other Spanish investors, CAM and Grupo Empresas Matutes, had thus enabled the successful placement of the TUI shares of WestLB. Following the positive trend in the TUI share price over the past 3 months the Riu family has now sold some of the shares it purchased.
TUI welcomes the fact that the remaining shareholding of 5.1 percent is of a long-term nature.
For further information please contact:
Björn Beroleit, phone +49 511 566-1310
Nicola Gehrt, phone +49 511 566-1435