TUI Group announced a full underwritten capital increase on March 24 aiming to raise €1.8bn. The group aims to use the net proceeds to fully repay its state aid loan. “The full repayment of the Corona state aid was our declared goal,” says Sebastian Ebel, CEO TUI Group. “With the capital increase now approved, we are taking the final step with the WSF aid and fulfilling our commitment. We will use the proceeds to repay the aid received from the WSF, including interest. TUI thus has a good balance sheet structure again and we are doing everything we can to
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