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TUI AG shares placed at 13.13 euros each - bookrunner
February 20, 2014 / 10:11 AM / 4 years ago

TUI AG shares placed at 13.13 euros each - bookrunner

FRANKFURT, Feb 20 (Reuters) - Shares in German travel and tourism group TUI AG have been placed at 13.13 euros ($18.06) apiece, the bank managing the placement said on Thursday.

The 39.7 million shares, equivalent to a 15.7 percent stake, are being sold by Norwegian shipping magnate John Fredriksen. ($1 = 0.7271 euros) (Reporting by Victoria Bryan; editing by Edward Taylor)

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