Fredriksen increases TUI stake
Norwegian shipping tycoon John Fredriksen is now the largest shareholder in Hapag-Lloyd parent TUI AG after his indirectly, wholly owned company, Monteray Enterprises Ltd., announced Wednesday it has acquired 29.515 million shares in the German shipping and tourism group, representing about 11.7 percent of the voting rights.
Monteray also informed TUI that it would uphold the request for an addendum to the agenda of the general meeting to be held May 7 concerning changes to the supervisory board. It is understood that Fredriksen is seeking seats on the board to increase his influence over the separation of Hapag-Lloyd.
Fredriksen increases TUI stake
