TUI AG Announces Major Holdings Acquisition by UBS Group

TUI AG, based in Hannover, Germany, has released a notification according to Article 40, Section 1 of the WpHG with the objective of Europe-wide distribution. The company reported a major change in holdings related to its shares with voting rights.

The notification indicated that UBS Group AG, headquartered in Zurich, Switzerland, crossed the threshold on May 31, 2024. UBS Group AG now holds a total of 4.76% voting rights in TUI AG, an increase from the previous 2.79%.

The updated positions include 3.93% of voting rights attached to shares, up from 2.08%, and 0.83% of voting rights through various financial instruments, rising from 0.71%. Key instruments include options and convertible bonds with specific expiration and maturity dates.

UBS Group AG controls multiple entities holding these voting rights, including UBS AG, UBS Asset Management AG, and others, each contributing to the total.