Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Alex Hawkes

TUI up on Hapag-Lloyd sale talk

TUI Travel's shares rose more than 3% today after suggestions that its largest shareholder TUI AG could divest its stake in Hapag-Lloyd and buy more of TUI Travel, following reports in the German weekend press.

German newspaper Welt Am Sonntag said TUI is in talks with investor John Fredriksen over its stake in the shipyard firm, Reuters reported.

TUI owns a 43% stake in Hapag-Lloyd, and it could use the cash to buy out more of TUI Travel, the newswire said.

The shares were the biggest riser on the FTSE 100, up 3.2%, or by 6.6p, to 207.4p.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.