After the withdrawal of its major shareholder Alexej Mordashov due to sanctions, the Tui travel group has his wife Marina Mordashova as a major shareholder.
However, Mordashova cannot initially have a say in Tui, as the Federal Ministry of Economics confirmed information from Tui on Friday.
The transaction of the share will be checked according to the foreign trade law.
As long as the transfer is "pending ineffective" and the voting rights cannot be exercised.
Tui had previously stated that it had been informed that Mordashova controlled Ondero Limited.
Ondero, in turn, is the majority shareholder of Unifirm Ltd, which holds 29.9 percent of Tui shares.
The travel company was not aware of the connection between Marina Mordashova and the billionaire and previous Tui major shareholder, who was sanctioned by the West for his proximity to Russian President Vladimir Putin.
Mordashov had moved his block of shares shortly before the European Union sanctions against him came into force, which deprived him of access to his assets and thus to the Tui stake.
Mordashov had declared that he had nothing to do with Russian politics, but did not explicitly distance himself from Putin.
Almost 30 percent ended up with the Ondero company based in the British Virgin Islands, and he sold the remaining 4.13 percent to the Russian Severgroup, which Mordashov manages.
Ondero subsequently announced that Marina Mordashova was already the controlling shareholder of Ondero at the time the shares were transferred on February 28, Tui explained.