On April 8, the TUI group announced that it signed an agreement with the German government for a 1.8 billion EUR loan, in order to cope with the crisis caused by the coronavirus pandemic.
This is one of the most significant examples of how German companies are taking advantage of the rescue package put together by the Berlin authorities to limit the impact of the pandemic on Europe’s leading economy.
Source: Profit
Frequently Asked Questions
What is the value of the loan obtained by TUI?
The TUI group secured a loan worth 1.8 billion EUR.
Who provided this loan?
The loan was provided by the German government as part of a rescue package.
What is the purpose of this credit?
The funds are intended to help the company cope with the economic crisis caused by the coronavirus pandemic.