TUI AG: German Federal Government approves KfW bridge loan of 1.8 billion euros

TUI AG today received the approval of the German government for a bridging loan of 1.8 billion euros from the KfW. The funds of Germany’s state-owned development bank are to be used to increase TUI’s existing credit line with its banks amounting to 1.75 billion euros (“Revolving Credit Facility”). The KfW bridge loan is subject […]

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