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Dr Michael Frenzel

TUI Travel Gains Confidence and Russian Investment

2011-02-02 by Phil Butler

Alexei Mordashov

Russian billionaire steel tycoon Alexei Mordashov has increased his stake in German tourism group TUI. Mordashov raised his stake to above 20 percent from just above 15%. The transaction was made via his S-Group holding company. In TUI’s latest corporate documents, it is clear the company intends massive expansion into the Russian Federation.

Tags: Alexei Mordashov, Dr Michael Frenzel, Europe travel, free visas, OTA, Russia tourism, Russia travel, Russian Federation travel, tourism, travel, travel agents, travel business, travel investment, TUI, TUI CIS, TUI profits, TUI Russia, TUI stocks, TUI Travel




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