ruben.maritime

HAMBURG 17 October – Managers at TUI, the German tour operator, are seeking friendly investors to buy a total 25.1% stake to prevent a take-over and break-up of the company. German media reports say Hamburg city senators have been approached with a view to acquiring a 10% stake. However shareholders in German tourism giant TUI, who are reported to be pushing for a division of the company, can point to the market numbers to back their case. TUI acquired Hapag-Lloyd, the container and cruise ship owner and operator, in 1998 at a time when the share price was beginning to turn down from a high of euro50. The current level of just euro17 is an improvement of euro10, which was reached a couple of years ago. TUI’s website reveals that two-thirds of market analysts contacted expect the stock to underperform the wider DAX general share index in Frankfurt, and recommend their clients should sell. Only 16% forecast TUI’s stock will outperform the DAX index and recommend acquisition.

Via Fairplay.co.uk
 

Etiquetas: cruise market, cruises, tourism

This entry was posted on martes, octubre 17, 2006 at 2:20 p. m.. You can skip to the end and leave a response.