The departure would be a major blow to London, coming on the heels of a number of other high-profile snubs and exits this year.
Tui, which is also listed in Frankfurt, said a single listing there would provide "a clearer investment profile", and allow it to become part of German mid-cap index the MDAX. The MDAX has outperformed the FTSE 250 in 2023 and over the last 15 years.
In the past four years, Tui - which was created by a merger of Thomas Cook and German firm Preussag AG in 1997 - said it has seen "a notable liquidity migration from UK to Germany", and shareholders have recently expressed ews favouring a single listing in Frankfurt.
The travel firm added that there were also "potential benefits" on EU airline ownership rules, which say carriers must be at least 51% EU owned. A quarter of Tui shares are held in the US, more than 10% in the UK and a further 9% between Norway and Switzerland.
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Denne historien er fra December 06, 2023-utgaven av Evening Standard.
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