Thomas Cook Group has announced it is to buy a 75% stake in Thomas Cook India Limited and 100% of Thomas Cook branded businesses in Egypt.
The group, which is also acquiring licences for the Thomas Cook brand in 15 Middle East countries, is purchasing the businesses from Dubai Financial Group LLC for a total cash consideration of between €208m and €249m.
More to follow.
This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.