Russian Tycoon Mordashov Transfers $1.4 Billion TUI Stake
TUI Boeing 737 Max 8 jets in Manchester.
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Russian oligarch Alexey Mordashov shuffled his $1.4 billion holding in TUI AG, part of a series of transactions in the past week after he was slapped with European Union sanctions.
Mordashov’s Unifirm Ltd., based in Cyprus, transfered a 4% stake in TUI to his Russian investment vehicle Severgroup LLC, according to a statement from Europe’s biggest holiday-tour company.