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12/6/2023, 9:22 AM (Source: TeleTrader)
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TUI studies delisting from London Stock Exchange

TUI AG is considering the possibility of delisting from the London Stock Exchange and trading only on the Frankfurt Stock Exchange, the company's management revealed during the presentation of its full 2023 earnings report on Wednesday.

The executives explained that TUI's shareholders expressed their concern about whether the London listing is profitable, taking into account that the company's returns on the UK's main stock index were lower than those of its European peers. Additionally, the directors said that a single listing would lead to lower costs and a clearer investment profile.

The management also noted that this step will be discussed at the firm's Annual General Meeting scheduled for February 2024.

Baha Breaking News (BBN) / JJ