{"id":457,"date":"2020-09-21T18:43:06","date_gmt":"2020-09-21T15:43:06","guid":{"rendered":"https:\/\/turizmpress.com\/en\/?p=457"},"modified":"2020-09-21T18:43:10","modified_gmt":"2020-09-21T15:43:10","slug":"tui-reportedly-plans-capital-raising","status":"publish","type":"post","link":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/","title":{"rendered":"TUI reportedly plans capital raising"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Europe&#8217;s largest tour operator TUI, plans to raise capital in order to overcome covid-19 related financial difficulties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>According to the news of the German Handelsblatt newspaper, TUI, aims to increase its capital between 700 Million to 1 Billion Euros. The Hannover based travel giant is registered on the London Stock Exchange.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>TUI, reported a loss of 1.45 Billion Euros for the second quarter due to the Covid-19 crisis and received around 3 Billion Euros funding from the German state.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>According to the report, Russian billionaire Alexei Mordashov, holding 25% of the company&#8217;s shares, is expected to provide around 300 million Euros of additional capital.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mordashov has been a shareholder at TUI since 2007. Since then, he has increased his share in the group from 3% to 24.9%. Mordashov also owns 90 % of TUI&#8217;s subsidiaries in <a href=\"https:\/\/turizmpress.com\/en\/tag\/russia\/\" target=\"_blank\" rel=\"noreferrer noopener\">Russia<\/a> and Ukraine since October 2018 .<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">TUI CEO Fritz Joussen said at a meeting in mid-August, \u201cWe have to do something about the balance sheet. For instance, it could be a capital increase \u201d. Therefore it&#8217;s believed that Tui&#8217;s other shareholders, including the Egyptian billionaire El Chiaty family and the Spanish hotelier family Riu, are also aware of the plan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe&#8217;s largest tour operator TUI, plans to raise capital in order to overcome covid-19 related financial difficulties. According to the news of the German Handelsblatt newspaper, TUI, aims to increase its capital between 700 Million to 1 Billion Euros. The Hannover based travel giant is registered on the London Stock Exchange. TUI, reported a loss [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[12,103],"class_list":["post-457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe","tag-covid-19","tag-tui"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TUI reportedly plans capital raising - Tourism Press<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TUI reportedly plans capital raising - Tourism Press\" \/>\n<meta property=\"og:description\" content=\"Europe&#8217;s largest tour operator TUI, plans to raise capital in order to overcome covid-19 related financial difficulties. According to the news of the German Handelsblatt newspaper, TUI, aims to increase its capital between 700 Million to 1 Billion Euros. The Hannover based travel giant is registered on the London Stock Exchange. TUI, reported a loss [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/\" \/>\n<meta property=\"og:site_name\" content=\"Tourism Press\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-21T15:43:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-21T15:43:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/turizmpress.com\/en\/wp-content\/uploads\/2020\/09\/TUI-e1600271048949.jpg?fit=570%2C400&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"570\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@turizmpress_EN\" \/>\n<meta name=\"twitter:site\" content=\"@turizmpress_EN\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/#\\\/schema\\\/person\\\/a89583c6a591898bc5829e3bf61c610b\"},\"headline\":\"TUI reportedly plans capital raising\",\"datePublished\":\"2020-09-21T15:43:06+00:00\",\"dateModified\":\"2020-09-21T15:43:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/\"},\"wordCount\":193,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/TUI-e1600271048949.jpg\",\"keywords\":[\"covid-19\",\"TUI\"],\"articleSection\":[\"Europe\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/\",\"url\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/\",\"name\":\"TUI reportedly plans capital raising - Tourism Press\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/TUI-e1600271048949.jpg\",\"datePublished\":\"2020-09-21T15:43:06+00:00\",\"dateModified\":\"2020-09-21T15:43:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/#primaryimage\",\"url\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/TUI-e1600271048949.jpg\",\"contentUrl\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/TUI-e1600271048949.jpg\",\"width\":570,\"height\":400,\"caption\":\"TUI extends 4.7 billion euros credit lines for 2 years\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/regions\\\/europe\\\/tui-reportedly-plans-capital-raising\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regions\",\"item\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/category\\\/regions\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Europe\",\"item\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/category\\\/regions\\\/europe\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"TUI reportedly plans capital raising\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/\",\"name\":\"Tourism Press\",\"description\":\"Travel News | Tourism News | Hospitality News\",\"publisher\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/#organization\",\"name\":\"Tourizm Press\",\"url\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/turizmpress_favicon-1.png\",\"contentUrl\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/turizmpress_favicon-1.png\",\"width\":512,\"height\":512,\"caption\":\"Tourizm Press\"},\"image\":{\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/turizmpress_EN\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/turizmpress\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/turizmpress.com\\\/en\\\/#\\\/schema\\\/person\\\/a89583c6a591898bc5829e3bf61c610b\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3c84732ce39c2c2320d6d19979a53cc7cb240ebeaf279d113b5fbcdf7d58c655?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3c84732ce39c2c2320d6d19979a53cc7cb240ebeaf279d113b5fbcdf7d58c655?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3c84732ce39c2c2320d6d19979a53cc7cb240ebeaf279d113b5fbcdf7d58c655?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"sameAs\":[\"https:\\\/\\\/turizmpress.com\\\/en\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"TUI reportedly plans capital raising - Tourism Press","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/","og_locale":"en_GB","og_type":"article","og_title":"TUI reportedly plans capital raising - Tourism Press","og_description":"Europe&#8217;s largest tour operator TUI, plans to raise capital in order to overcome covid-19 related financial difficulties. According to the news of the German Handelsblatt newspaper, TUI, aims to increase its capital between 700 Million to 1 Billion Euros. The Hannover based travel giant is registered on the London Stock Exchange. TUI, reported a loss [&hellip;]","og_url":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/","og_site_name":"Tourism Press","article_published_time":"2020-09-21T15:43:06+00:00","article_modified_time":"2020-09-21T15:43:10+00:00","og_image":[{"width":570,"height":400,"url":"https:\/\/i0.wp.com\/turizmpress.com\/en\/wp-content\/uploads\/2020\/09\/TUI-e1600271048949.jpg?fit=570%2C400&ssl=1","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_creator":"@turizmpress_EN","twitter_site":"@turizmpress_EN","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/#article","isPartOf":{"@id":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/"},"author":{"name":"Editor","@id":"https:\/\/turizmpress.com\/en\/#\/schema\/person\/a89583c6a591898bc5829e3bf61c610b"},"headline":"TUI reportedly plans capital raising","datePublished":"2020-09-21T15:43:06+00:00","dateModified":"2020-09-21T15:43:10+00:00","mainEntityOfPage":{"@id":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/"},"wordCount":193,"commentCount":0,"publisher":{"@id":"https:\/\/turizmpress.com\/en\/#organization"},"image":{"@id":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/#primaryimage"},"thumbnailUrl":"https:\/\/turizmpress.com\/en\/wp-content\/uploads\/2020\/09\/TUI-e1600271048949.jpg","keywords":["covid-19","TUI"],"articleSection":["Europe"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/","url":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/","name":"TUI reportedly plans capital raising - Tourism Press","isPartOf":{"@id":"https:\/\/turizmpress.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/#primaryimage"},"image":{"@id":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/#primaryimage"},"thumbnailUrl":"https:\/\/turizmpress.com\/en\/wp-content\/uploads\/2020\/09\/TUI-e1600271048949.jpg","datePublished":"2020-09-21T15:43:06+00:00","dateModified":"2020-09-21T15:43:10+00:00","breadcrumb":{"@id":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/#primaryimage","url":"https:\/\/turizmpress.com\/en\/wp-content\/uploads\/2020\/09\/TUI-e1600271048949.jpg","contentUrl":"https:\/\/turizmpress.com\/en\/wp-content\/uploads\/2020\/09\/TUI-e1600271048949.jpg","width":570,"height":400,"caption":"TUI extends 4.7 billion euros credit lines for 2 years"},{"@type":"BreadcrumbList","@id":"https:\/\/turizmpress.com\/en\/regions\/europe\/tui-reportedly-plans-capital-raising\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/turizmpress.com\/en\/"},{"@type":"ListItem","position":2,"name":"Regions","item":"https:\/\/turizmpress.com\/en\/category\/regions\/"},{"@type":"ListItem","position":3,"name":"Europe","item":"https:\/\/turizmpress.com\/en\/category\/regions\/europe\/"},{"@type":"ListItem","position":4,"name":"TUI reportedly plans capital raising"}]},{"@type":"WebSite","@id":"https:\/\/turizmpress.com\/en\/#website","url":"https:\/\/turizmpress.com\/en\/","name":"Tourism Press","description":"Travel News | Tourism News | Hospitality News","publisher":{"@id":"https:\/\/turizmpress.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/turizmpress.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/turizmpress.com\/en\/#organization","name":"Tourizm Press","url":"https:\/\/turizmpress.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/turizmpress.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/turizmpress.com\/en\/wp-content\/uploads\/2025\/09\/turizmpress_favicon-1.png","contentUrl":"https:\/\/turizmpress.com\/en\/wp-content\/uploads\/2025\/09\/turizmpress_favicon-1.png","width":512,"height":512,"caption":"Tourizm Press"},"image":{"@id":"https:\/\/turizmpress.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/turizmpress_EN","https:\/\/www.linkedin.com\/company\/turizmpress"]},{"@type":"Person","@id":"https:\/\/turizmpress.com\/en\/#\/schema\/person\/a89583c6a591898bc5829e3bf61c610b","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/3c84732ce39c2c2320d6d19979a53cc7cb240ebeaf279d113b5fbcdf7d58c655?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/3c84732ce39c2c2320d6d19979a53cc7cb240ebeaf279d113b5fbcdf7d58c655?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3c84732ce39c2c2320d6d19979a53cc7cb240ebeaf279d113b5fbcdf7d58c655?s=96&d=mm&r=g","caption":"Editor"},"sameAs":["https:\/\/turizmpress.com\/en"]}]}},"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/turizmpress.com\/en\/wp-content\/uploads\/2020\/09\/TUI-e1600271048949.jpg","_links":{"self":[{"href":"https:\/\/turizmpress.com\/en\/wp-json\/wp\/v2\/posts\/457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/turizmpress.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/turizmpress.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/turizmpress.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/turizmpress.com\/en\/wp-json\/wp\/v2\/comments?post=457"}],"version-history":[{"count":0,"href":"https:\/\/turizmpress.com\/en\/wp-json\/wp\/v2\/posts\/457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/turizmpress.com\/en\/wp-json\/wp\/v2\/media\/406"}],"wp:attachment":[{"href":"https:\/\/turizmpress.com\/en\/wp-json\/wp\/v2\/media?parent=457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/turizmpress.com\/en\/wp-json\/wp\/v2\/categories?post=457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/turizmpress.com\/en\/wp-json\/wp\/v2\/tags?post=457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}