Mordashov is buying shares of the tour operator

Russian billionaire Alexei Mordashov controlled by his company's S-Group Travel Holding increased its stake in the largest European tourism holding company TUI AG from 18 to 20.45%. "We believe in the existence of the growth potential of TUI on the background of the company's continuing focus on tourism," - said a businessman. It is also reported that TUI plans to sell the company on shipping Hapag-Lloyd, to focus on tourism activities, particularly in Russia. In August it was reported that Mordashov plans to increase stake in German company TUI AG to blocking. It was noted that the businessman has no plans to acquire more than 30%. Recall, controlled by A. Mordashov S-Group with 2007 was to redeem the shares of German tour operator, is gradually becoming one of the largest shareholders. It is known that A. Mordashov owns more than 82% stake in Russian steel giant OAO Severstal. Ministry of Industry