TUI investors urged to drop London listing in latest blow to FTSE
German travel company said shifting its primary listing to Frankfurt will simplify its trading structure
Management at TUI have urged shareholders to support plans to abandon its UK stock listing and trade primarily in Germany, ahead of a vote by investors on the proposal later on Tuesday.
The German travel company said shifting its primary listing to Frankfurt will simplify its trading structure, given that most of the shares already change hands in Germany. The single listing would also improve liquidity and provide support for EU airline ownership, TUI said ...