Thomas Cook Group has finalised the sale of its Canadian and US businesses to Red Label Vacation.
The £3.4 million deal was announced in March and was completed today.
Thomas Cook North America operates a tour operator and distribution network and has headquarters in Toronto.
Its brands include tour operator Sunquest, Italy specialist Alba Tours and MyTravel retail which consists of 60 travel agencies.
The proceeds will be used to reduce the debt of the Thomas Cook Group.
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