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2009 May 14   08:29

Fredriksen raises stake in TUI to 18 pct -source

Norwegian shipping tycoon John Fredriksen has raised his stake in the world's largest tourism group TUI AG to 18 percent, a source close to Fredriksen told Reuters on Wednesday. Fredriksen's aide told Reuters on Tuesday the shareholder had raised his stake to more than 16.8 percent. Fredriksen plans to rally shareholder support for his bid to oust Chairman Juergen Krumnow at TUI's annual shareholder meeting on Wednesday -- his second attempt after his coup flopped last year.

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