TUI, the largest operator in the south of Gran Canaria and partner of RIU Hotels, agreed this Tuesday that it wants to change the stock market to protect its airline's European routes. The purely virtual general meeting of TUI AG begins on Tuesday at 10:00 Canary Islands time. In the morning, the group will publish results for the October-December 2023 quarter.
Returning to the Frankfurt Stock Exchange is probably the most important decision TUI shareholders made at the Annual General Meeting. TUI wants to end listing in London, but British financial market regulator FCA requires a shareholder vote. TUI could start in Frankfurt on April 8.
75 percent of transactions take place through the German share registry. According to CFO Mathias Kiep, the change simplifies structures, improves liquidity and supports EU ownership of airlines.
