TUI AG: TUI COMPLETES PLACEMENT OF REMAINING HAPAG-LLOYD AG SHARES

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 TUI AG / Disposal 
TUI AG: TUI COMPLETES PLACEMENT OF REMAINING HAPAG-LLOYD AG SHARES 
 
11-Jul-2017 / 07:55 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF 
AMERICA, CANADA, AUSTRALIA OR JAPAN. 
*TUI COMPLETES PLACEMENT OF REMAINING HAPAG-LLOYD AG SHARES* 
 
Hanover, 11.7.2017. Further to its announcement on 10 July 2017, TUI AG has 
completed the placement of all its remaining 8.5m ordinary shares in 
Hapag-Lloyd AG1, raising net proceeds of EUR244.4m. Following settlement of 
the sale, TUI AG will no longer have any direct or indirect interest in 
Hapag-Lloyd AG. 
 
Prior to this trade, TUI AG had already disposed of 6.0m shares realizing 
net proceeds of EUR162.3m in individual open market transactions since March 
2017, bringing the total net proceeds realized to EUR406.7m. 
 
As previously outlined in TUI's full year results presentation in December 
2016, the total proceeds will be reinvested in the transformation of TUI as 
the world's leading integrated tourism business, focused on own hotel and 
cruise brands, and to further strengthen TUI's balance sheet. In this 
context, TUI AG is contemplating to structure the intended cruise ship 
acquisitions (currently operated as Mein Schiff 1 and Mein Schiff 2) by TUI 
UK from TUI Cruises GmbH (50% JV with RCCL) in 2018 and 2019 as a straight 
cash transaction. 
 
TUI AG previously accounted for its shareholding in Hapag-Lloyd AG as a 
financial asset available for sale, with a carrying value of EUR395.0m as at 
31 March 2017. The disposals are expected to result in a book profit of 
approximately EUR172.7m in the financial year ending 30 September 2017. 
 
Through the disposal of its remaining stake in Hapag-Lloyd AG, TUI AG 
successfully concludes its non-core business disposal program as defined 
after the merger between TUI AG and TUI Travel plc in December 2014, thereby 
achieving its strategic objective to transform TUI AG into a pure play 
vertically integrated tourism group. 
 
1Hapag-Lloyd AG is a global leader in container shipping with earnings 
before tax of EUR-73.4m for the year ended 31 December 2016 and gross assets 
of EUR11,206m as at 31 March 2017. 
 
Contact: 
Peter Krueger, Director Investor Relations & Special Projects, Tel: +49 
(0)511 566 1425 
 
Contacts for Analysts and Investors in UK, Ireland and Americas 
 
Sarah Coomes, Head of Investor Relations, Tel: [phone] 
 
Hazel Chung, Investor Relations Manager, Tel: [phone] 
 
Contacts for Analysts and Investors in Continental Europe, Middle East and 
Asia 
 
Nicola Gehrt, Head of Investor Relations, Tel: [phone] 
 
Ina Klose, Investor Relations Manager, Tel: [phone] 
 
The EQS Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de/ukreg 
Language:       English 
Company:        TUI AG 
                Karl-Wiechert-Allee 4 
                30625 Hannover 
                Germany 
Phone:          [phone] 
Fax:            [phone] 
E-mail:         [e-mail] 
Internet:       www.tuigroup.com 
ISIN:           DE000TUAG000, DE000TUAG281, DE000TUAG299 
WKN:            TUAG00 , TUA G28, TUA G29 
Listed:         Regulated Market in Hanover; Regulated Unofficial Market in 
                Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate 
                Exchange; Open Market in Frankfurt; London 
Category Code:  DIS 
TIDM:           TUI 
LEI Code:       529900SL2WSPV293B552 
OAM Categories: 3.1. Additional regulated information required to be 
                disclosed under the laws of a Member State 
Sequence No.:   4401 
 
End of Announcement EQS News Service 
 
591393 11-Jul-2017 
 
 

(END) Dow Jones Newswires

July 11, 2017 01:55 ET (05:55 GMT)