on TUI AG (isin : DE000TUAG000)
BlackRock Inc. increases its stake in TUI AG
The investment giant BlackRock Inc., based in New York, has increased its stake in TUI AG, as revealed by an announcement made on February 23, 2024. TUI, a major company in the tourism and travel sector based in Hannover, Germany, has seen a significant change in the distribution of voting rights in its possession.
As of February 19, 2024, BlackRock Inc. has crossed the threshold, now holding 5.04% of voting rights directly attributed to shares and 0.73% through financial instruments, bringing their total stake to 5.77%. This development represents an increase compared to their previous notification which showed a combined stake of 5.29%.
The details of the announcement highlight the complex structure of BlackRock, with an exhaustive list of controlled entities indirectly participating in this stake. BlackRock's commitment to TUI AG underscores the ongoing interest of major institutional investors in the tourism and travel sector, despite market challenges.
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