The shareholders of Tui AG gave their consent to the new rescue package at an extraordinary general meeting that was held virtually due to the corona pandemic. This was necessary because the rights of the shareholders are deeply interfered with, because the German state can convert capital contributions into shares and thus invest in Tui AG on a large scale.

According to the current state of affairs, the Federal Republic of Germany can obtain up to 25 percent plus one share, i.e. the so-called blocking minority. This allows the state to block important decisions and also send representatives to the Group's supervisory board. Previously, the EU Commission gave the green light for the rescue package, which is now worth up to 1,25 billion euros. The state economic stabilization fund will hold a silent participation in the amount of 420 million euros. This can be converted into shares - 25 percent plus one share. Furthermore, the WSF already signed a convertible bond in the amount of 150 million euros in late summer.

A further 680 million euros will be brought in through a second silent participation, which, however, cannot be changed. The state of Lower Saxony could take over 400 million euros of this, although no final decision has yet been made. For Tui AG, it is the third billion dollar rescue package since the beginning of the corona crisis.