United Kingdom
United States
Asia Pacific
TUI responds as largest shareholder hit with sanctions
Tour operator TUI has confirmed the European Union imposed economic sanctions against its largest shareholder Alexey Mordashov.
The aim of the sanctions is to prevent Mordashov from disposing of his shares in TUI AG, the company said.
Mordashov resigned from TUI’s supervisory board with immediate effect.
Mordashov has been a shareholder in TUI AG for around 15 years and currently holds around one third (34%) of the share capital.
Two thirds of the shareholders are private and institutional investors and come from Germany, the EU, the UK and the US.
“The EU sanctions relate to Mr Mordashov as a person, not to TUI AG, in which he is a shareholder. In this respect, these sanctions against the shareholder have no impact on the company in which he holds shares,” TUI said.
The operative business of TUI AG is managed by the Executive Board, as is the case with any German public limited company.”
Ray Monty
Exploring Brooklands Museum with Alex Patterson
Global Tourism Challenges and Upcoming Events: A Conversation with Don Welsh
Peebles Barbeque: A Legacy of Flavor and Tradition
Exploring Bok Tower Gardens with Erica Smith
Rue’s Living Water Boat Cruises: Exploring Winter Haven’s Chain of Lakes
Durango and Silverton Railroad: A Timeless Journey Through History and Scenic Beauty
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
Qatar Airways adding Manchester flights
EU entry-exit system delayed again
ATC strike in Greece could disrupt flights this week
Jet2 unveils Samos as new Greek destination for summer 2026
Icelandair launches inaugural flight to Nashville