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German Holiday Firm TUI Said to Near $2 Billion in State Aid

  • Top tour operator reaches accord with state bank KfW on terms
  • TUI’s lenders expected to sign off on package in coming days
Greek Island Tourism As Political Talks On Nation's Finances Improve

Photographer: Yorgos Karahalis/Bloomberg

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TUI AG, the world’s biggest tour operator, is close to securing nearly 2 billion euros ($2.2 billion) in government aid in what’s seen as a litmus test for Germany’s pledge to rescue businesses ravaged by the coronavirus pandemic.