Palma de Majorca, 19 February 2019

RIU increases stake in TUI with acquisition of 1,100,000 shares

  • The purchase operation represented an investment of more than 10 million euros and increases the stake held by RIU in TUI AG to 3.56%

The hotel chain RIU Hotels & Resorts has just completed the purchase of a block of 1,100,000 shares in TUI AG for a price of 10,359,830 euros, increasing its stake in the global tourism group from 3.38% to 3.56%.

Luis Riu, CEO of RIU Hotels & Resorts, declared that the purchase operation “represents a further step in the historic collaboration between the two companies, and further evidence that the fourth generation of the family, just like the third, remains committed to the future of joint business with the world’s leading tourism group.”

The historic relationship between TUI and RIU dates back 50 years, having been formalised in 1977 with the creation of Riu Hotels S.A., a hotel development company with a 49% stake held by TUI, and 51% by the Riu family. RIUSA II S.A. was founded in 1993 as a hotel operations company in which both firms hold a 50% stake. RIU has been a shareholder of TUI AG since 2004.

About RIU Hotels & Resorts

The international RIU chain was founded in Mallorca by the Riu family in 1953 as a small holiday firm and is still owned by the family's third generation. The company specialises in holiday resorts and over 70% of its establishments offer its acclaimed All Inclusive by RIU service. With the inauguration of its first city hotel in 2010, RIU is expanding its range of products with its own line of city hotels called Riu Plaza. RIU Hotels & Resorts now has 93 hotels in 19 countries which welcome over 4,5 million guests a year and provide jobs for a total of 29,985 employees. RIU is currently the world's 35th ranked chain, one of the Caribbean's most popular, the 4th largest in Spain in terms of revenue and the fourth largest in number of rooms.