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Thomas Cook Group Plc Announces Sale Of Egyptian And Lebanese Businesses

Monday, 7 Oct 2013 02:00am EDT 

Thomas Cook Group Plc announced that it has sold 100% of the Thomas Cook Egypt and Thomas Cook Lebanon businesses to Yusuf Bin Ahmed Kanoo (Holdings) Co WLL of Bahrain for cash consideration of GBP6.5 million. Thomas Cook Egypt and Thomas Cook Lebanon offer outbound corporate and leisure travel to Egyptian and Lebanese customers, as well as foreign exchange services in Egypt and Lebanon. Thomas Cook Group plc will continue to offer its customers from other markets travel services to Egypt. 

Company Quote

7.0 +4.27%
17 Apr 2014