Deals
Tour Operator TUI Explores Ways to Repay State Aid
- TUI taps advisers for potential 1 billion-euro fundraising
- German company could wait until after summer holiday season
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TUI AG is exploring ways to raise fresh capital to help the German travel firm pay back state bailouts, people with knowledge of the matter said.
The company is working with advisers to consider options including a potential share sale, according to the people, who asked not to be named because the information is private. It is discussing raising about 1 billion euros ($1.2 billion) through a capital increase, though the final size could change, the people said.