TUI says Egypt's El Chiaty ups their stake to 4 pct

FRANKFURT: Egyptian tourism entrepreneur Hamed El Chiaty has upped his stake in TUI to 4 percent, the German tourism and shipping group said on Monday. Earlier this year, El Chiaty s stake in TUI had risen to more than 3 percent. He had told Reuters in March that he saw his holding in TUI exceeding …

FRANKFURT: Egyptian tourism entrepreneur Hamed El Chiaty has upped his stake in TUI to 4 percent, the German tourism and shipping group said on Monday.

Earlier this year, El Chiaty s stake in TUI had risen to more than 3 percent.

He had told Reuters in March that he saw his holding in TUI exceeding 5 percent within a month or two and saw his stake as strategic.

Topics: FJP