TUI Group is considering delisting from the London Stock Exchange and moving to the Frankfurt bourse, as the majority of its stock is already traded in Germany.
Shareholders have approached TUI Group to discuss the optimal listing structure, and potential benefits include centralization of liquidity, clearer investment profile, meeting EU airline ownership requirements, enhancing equity profile, and reducing costs.
Around 75pc of TUI Group’s stock is traded on the German market, and a majority of the shares are held in Germany. The company’s ownership structure has seen a liquidity migration from the UK to Germany, coinciding with Brexit. The group must retain EU ownership to maintain the EU domicile of its affiliate airlines.
