The Goldman Sachs Group increases its stake in TUI AG

On February 23, 2024, TUI AG announced a significant change in stakes, following the notification in accordance with Article 40, section 1 of the WpHG, aimed at distribution on a European scale. Based in Hanover, Germany, the company noted changes in the voting rights held by The Goldman Sachs Group, Inc., with a registered office in Wilmington, DE, USA.

The threshold was exceeded on February 20, 2024, marking a strategic move by The Goldman Sachs Group. The voting rights attached to shares slightly decreased from 0.56% to 0.35%, while the voting rights through instruments saw an increase from 4.95% to 5.29%, bringing the total to 5.64% of the voting rights.

The financial instruments include a variety of options, swap contracts, and convertible bonds, reflecting a diverse strategy by Goldman Sachs. The detailed structure of control chains reveals an underlying complexity in managing these stakes.