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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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28-09-2023 00:19:40 (UTC+7)

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1.0497

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 EUR/USD1.0497↑ Sell
 GBP/USD1.2118↑ Sell
 USD/JPY149.66↑ Buy
 AUD/USD0.6343↑ Sell
 USD/CAD1.3535↑ Buy
 EUR/JPY157.09↑ Sell
 EUR/CHF0.9672↑ Buy
 Gold1,892.85↑ Sell
 Silver22.753↑ Sell
 Copper3.6362↑ Sell
 Crude Oil WTI93.53↑ Sell
 Brent Oil94.42↑ Sell
 Natural Gas2.925↑ Sell
 US Coffee C148.88↑ Sell
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 IBEX 359,331.90↑ Buy
 BASF42.280Neutral
 Bayer45.72↑ Sell
 Allianz226.95↑ Sell
 Adidas157.62Buy
 Lufthansa7.653Sell
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KRW15,5919,00
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