S-Group Travel's TUI Stake Now Below 25 Pct

June 6, 2014

Bookmark and Share

German travel group TUI said in a statement on Friday that the stake held by Russian billionaire Alexei Mordashov's investment vehicle S-Group Travel fell below 25 percent to 24.11 percent on May 28.

A TUI spokesman said later that other shareholders exercising a convertible bond had slightly diluted S-Group's stake but he added that Mordashov still owned more than 25 percent in total, including shares held outside S-Group.