TUI boss: we are open to a big shareholder

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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.