Hogan Lovells advises TUI AG on its 500 million euro capital increase

Led by Frankfurt-based partner Michael Schlitt, international law firm Hogan Lovells advised TUI AG on its approximately €500 million rights issue (“Rights Issue”). In the course of the Rights Issue, approximately 500 million new shares were issued at a subscription price of €1.07. The Rights Issue was part of the €1.8 billion stabilization and support package granted by the Economic Stabilization Fund.

The new shares were admitted to listing on the Premium Listing Segment of the Official List and to trading on the Main Market for listed securities on the London Stock Exchange, as well as to listing and trading on the Regulated Market of the Hannover Stock Exchange.

Hogan Lovells for TUI AG

Frankfurt

Prof. Dr. Michael Schlitt (Partner), Dr. Susanne Ries (Of Counsel), Mark Devlin (Counsel), Christian Schröder, Dr. Timo Lockemann (Associates), Eva-Christina Sommer, Simona Gradišek (Business Lawyers), Julius Könebruch, Christian Knoth, Jaqueline Fernandes, Leonie Zettl, Tim Hacke (Research Assistants) (all Corporate Capital Markets);

Dr. Tim Oliver Brandi (Partner, Corporate/M&A);

London

Raj S. Panasar (Partner), Jonathan Baird (Partner), Daniel Simons (Partner), Maegen Morrison (Partner), Philip Harle (Partner), Paul Randall (Senior Counsel), Catherine Lah (Senior Associate), Mandy Ching, Victoria Griggs (Associates), Adam Perry (Of Counsel), Wilson Pek (Trainee Solicitor) (all Corporate & Finance);

Dan Whitehead (Senior Associate), Louis Biggs (Associate) (both Regulatory);

Arwen Handley (Partner), Alex Sciannaca (Partner) (both Litigation);

Brussels

Falk Schöning (Partner), Philipp Kirwitzke (Associate) (both Antitrust and Transportation Regulatory);

Dusseldorf

Dr. Heiko Gemmel (Partner), Anne-Svenja de Kiff (Counsel) (both Tax);

Birgit Reese (Partner, Corporate & Finance);

Prof. Dr. Thomas Dünchheim (Partner), Dr. Sebastian Gräler (Senior Associate) (both Regulatory);

Washington

Scott Lilienthal (Partner, Tax).