Global Trade Alert
Global Trade Alert

Germany: Recapitalisation of travel and tourism company TUI AG (COVID-19)

Announcement

04 Jan 2021

On 4 January 2021, the European Commission approved Germany's contribution to the recapitalisation of TUI AG in the context of the COVID-19 pandemic. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

04 Jan 2021

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 4 January 2021, the European Commission approved Germany's plans to contribute up to EUR 1.25 billion (approx. USDĀ 1.53 billion) to the recapitalisation of TUI AG. Under the current State Aid Tempo...

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