Report
TUI AG : A restored balance sheet, the risk/reward profile is now very attractive. Reinitiating at Outperform
>The balance sheet has now been cleaned out following the capital increase - The capital increase of € 1.8bn was successfully closed. Some 328.9m new shares were issued at € 5.55 per share, bringing the total number of shares in circulation to 507.4m (the shareholder Mordashov, who owned 31% of the capital before the transaction, was unable to participate, with the rights on his shares not having been created). As such, following the transaction and factoring in the c...
Underlying
TUI AG
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Fehmi Ben Naamane
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