RIU Hotels & Resorts has just completed the purchase of a block of 1,100,000 shares in TUI AG for a price of 10,359,830 euros, increasing its stake in the global tourism group from 3.38% to 3.56%.

Luis Riu, CEO of RIU Hotels & Resorts, declared that the purchase operation “represents a further step in the historic collaboration between the two companies, and further evidence that the fourth generation of the family, just like the third, remains committed to the future of joint business with the world’s leading tourism group.”

RIU Hotels & Resorts now has 93 hotels in 19 countries which welcome over 4,5 million guests a year and provide jobs for a total of 29,985 employees. RIU is currently the world's 35th ranked chain, one of the Caribbean's most popular, the 4th largest in Spain in terms of revenue and the fourth largest in number of rooms.

For more information please visit: www.riu.com