The world's largest travel group TUI celebrates its comeback on the Frankfurt Stock Exchange today as a milestone. After nearly a decade of primary listing in London, the shift to Frankfurt marks a new chapter for the Hanover-based group. CEO Sebastian Ebel and CFO Mathias Kiep will ring the stock exchange bell in Frankfurt to celebrate the occasion. The return is expected to not only bring cost savings to TUI but also facilitate its inclusion in the MDAX, which could lead to higher demand and rising share prices.
The move to Frankfurt is also strategically important to secure EU air traffic rights, as an airline like TUIfly, which operates within the EU, must be majority-owned by EU entities. The concentration of stock trading in one place is intended to consolidate liquidity and strengthen TUI's global brand presence. Until June, the stock will still be traded in parallel in London, before trading there is discontinued.
The decision for Frankfurt is in line with TUI's intention to more easily comply with EU requirements regarding ownership and control structure. Despite Brexit, the executive board sees no problems, as there are enough European shareholders involved even without the United Kingdom. The return to Frankfurt was already considered at the end of 2023, as most of the stock trading took place in Germany again. At the general meeting in February, shareholders agreed to the withdrawal from London.
The step back to the Frankfurt Stock Exchange, accompanied by the anticipated inclusion in the MDAX on June 24th, signals not only a simplification of structures, but also TUI's confidence and commitment to the German and European market. With the return to the regulated Prime Standard, which is required for MDAX inclusion, an era of secondary listing in the open market ends. TUI shares are already showing a positive trend with an increase of 4.06 percent to 7.90 euros in XETRA trading.
