EU approves Thomas Cook purchase of Gold Medal

EU approves Thomas Cook purchase of Gold Medal

The European Commission has approved Thomas Cook's acquisition of a majority stake in Gold medal.

The competition regulator said that although the two companies offered some overlapping services, the transaction would not distort competition in the market.

In December Thomas Cook Group brought  a 50.01% stake in the flight consolidator and tour operator for £24.9 million from Gold Medal founder and sole shareholder Ken Townsley.

Comments

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.

More in News