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  4. TUI boss: we are open to a big shareholder
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TUI boss: we are open to a big shareholder

BERLIN (Reuters) - Tourism company TUI is open to a new major shareholder after Russian billionaire Alexey Mordashov has been sidelined by European Union sanctions over Moscow's...
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TUI boss: we are open to a big shareholder © Reuters. The logo of Germany-based travel company TUI is seen on a travel agency in Paris, France, June 23, 2020. REUTERS/Charles Platiau

BERLIN (Reuters) - Tourism company TUI is open to a new major shareholder after Russian billionaire Alexey Mordashov has been sidelined by European Union sanctions over Moscow's invasion of Ukraine, Chief Executive Sebastian Ebel said.

Asked whether TUI was interested in a new shareholder, Chief Executive Sebastian Ebel told journalists on Monday evening:

"The answer is relatively clear - yes." He did not rule out the possibility of interest from Chinese investors, though made clear this was unlikely.

"We should be careful about saying a Chinese shareholder is evil, or a Russian shareholder," he said.

Mordashov, who held around 30% shares in TUI, has no access to his investment due to the sanctions and his shares have been transferred to his wife. A planned capital increase will mean his share will decrease significantly.

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07-12-2023 11:51:22 (UTC+7)

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 EUR/USD1.0761Neutral
 GBP/USD1.2549↑ Sell
 USD/JPY146.74↑ Sell
 AUD/USD0.6531Neutral
 USD/CAD1.3604↑ Sell
 EUR/JPY157.90↑ Sell
 EUR/CHF0.9422Neutral
 Gold2,043.65↑ Buy
 Silver24.157↑ Buy
 Copper3.7527Buy
 Crude Oil WTI69.78↑ Sell
 Brent Oil74.68Neutral
 Natural Gas2.562Neutral
 US Coffee C175.85↑ Buy
 Euro Stoxx 504,483.75↑ Sell
 S&P 5004,549.34Sell
 DAX16,656.44↑ Sell
 FTSE 1007,515.38↑ Sell
 Hang Seng16,241.00↑ Buy
 Small Cap 20001,852.05↑ Sell
 IBEX 3510,258.10↑ Sell
 BASF44.440↑ Buy
 Bayer32.39↑ Buy
 Allianz240.95Buy
 Adidas197.00↑ Sell
 Lufthansa8.585Sell
 Siemens AG160.92Neutral
 Deutsche Bank AG11.670Buy
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