The merger of TUI AG and TUI Travel PLC has created the world’s number one integrated leisure tourism business. The start of the TUI Group is marked by its shares trading the first day in the premium index FTSE of the London Stock Exchange. The Group’s Joint CEOs Fritz Joussen and Peter Long open the day’s trading at the London Stock Exchange as they take part in the market Opening Ceremony at 8:00am GMT / 9:00am CET this morning.
TUI is an international company with strong roots in Europe. The Group is domicile in Germany. 77,000 employees in 130 countries worldwide are creating unique holidays for the customers of the Group and its companies. The positioning of TUI in global tourism is unique. It offers consistent high quality to customers throughout the touristic value chain, from advice and bookings, to flights and transfers to hotel or cruise ship accommodation to services when customer return home.
The new TUI Group unites the exclusive premium hotel and cruise content portfolio of TUI AG with the strong tour operator and retail organisation of TUI Travel. Leading tour operators and 1,800 travel agencies across Europe, six airlines with more than 130 medium- and long-haul aircraft, over 300 hotels and resorts, amongst them renowned brands like RIU and Robinson, a fleet of own cruise ships at Hapag-Lloyd Kreuzfahrten (“MS Europa”/”MS Europa 2”), TUI Cruises (“Mein Schiff”) and Thomson Cruises represent the variety of the new TUI. 30 million customers of the Group travel to destinations in 180 countries.
New TUI share listed at the London Stock Exchange and in the MDax as TUI AG with tickers TUIJ and TUI1
As of today the new TUI Group shares are listed with the ticker symbol TUIJ in the London Stock Exchange’s Main Market. They are also included in the FTSE UK indices, and the premium FTSE 100 index. In Germany, TUI will be listed on the MDAX for approximately three months. After that the shares move to the OTC segment so that private German shareholders can continue trading TUI shares with the ticker symbol TUI1 in euros and in Germany.
Supervisory Board of TUI Group extended from 16 to 20 members – Group Executive Committee becomes operational
The Group Executive Committee will be responsible in future for the strategic and operational management of the TUI Group. The committee, which consists of the six Executive Board members as well as seven top managers of the Group has become operational with its first meeting this week in London.
Following the completion of the merger the Supervisory Board has been extended from 16 to 20 members. There are ten shareholder representatives and ten employee representatives. Prof. Dr. Klaus Mangold is chairman of the Supervisory Board. Frank Jakobi and Sir Michael Hodgkinson are both Deputy Chairman.