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The Guardian - UK
The Guardian - UK
Business
Kate Connolly in Berlin and agencies

Germany investigates £1bn Tui share transfer by sanctioned Russian oligarch

Tui aircraft  parked at Hanover airport
The 34% stake in Tui owned by Alexei Mordashov’s family is worth about €1.5bn. Photograph: Alexander Koerner/Getty Images

Germany is investigating deals under which most of the stake in Tui held by the sanctioned Russian oligarch Alexei Mordashov was transferred to an entity controlled by his wife, Marina Mordashova, Tui said on Friday.

Tui, the world’s biggest holiday company, was informed this week that Mordashova controls Ondero Ltd, which bought stakes in Mordashov’s Unifirm Ltd, Tui’s top shareholder, from two of his subsidiaries on 28 February.

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