TUI Group: Share returns to the MDAX - Get updated on what's happening in tourism!

TUI Group: Share returns to the MDAX
TUI shares will be traded in the MDAX of the Frankfurt Stock Exchange again as of 24 June 2024.
TUI Group: Share returns to the MDAX

CFO Mathias Kiep: “TUI will be home in the MDAX again. This will strengthen the liquidity of the share on one stock exchange. At the same time, we are increasing the visibility and attractiveness of our share for our international investors.”

TUI also moves up to STOXX Europe 600

The TUI AG shares will again be included in the MDAX on the Frankfurt Stock Exchange as of 24 June 2024. According to the index provider ISS STOXX, TUI meets the free-float market capitalisation criterion. The tourism group is thus returning to the German share index after around nine years.

CFO Mathias Kiep: “We want to grow successfully, sustainably and profitably and TUI should remain an attractive long-term investment for current and new shareholders. With the listing in the MDAX, we are putting a clear focus on one stock exchange listing – instead of two previously. This increases the visibility and attractiveness of our share for investors. Our shareholders voted by a large majority in favor of changing the dual listing structure – we are now successfully completing this step with our inclusion in the MDAX. The UK market remains one of TUI's key markets, and the change of listing from London to Frankfurt does not change this.”

On 4 June, it was also announced that the tourism group's shares will be included in the European STOXX Europe 600 Index. Contrary to the original plan, the British index provider FTSE Russell is no longer including the TUI share in the FTSE250 Index since 3 June. However, the listing and trading on the London Stock Exchange remain unaffected. The last trading day of TUI on the London Stock Exchange is 21 June 2024.

Image Credit: © TUI Group

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