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Thomas Cook Group Plc sells Essential Travel Limited to Holiday Extras

Wednesday, 11 Dec 2013 08:00am EST 

Thomas Cook Group Plc:Announces the sale of its UK ancillary travel products business, Essential Travel Limited, to the Holiday Extras Group for gross proceeds of 2.1 million pounds (subject to regulatory approval from the FCA).Says to have entered into a commercial agreement with Holiday Extras to be its exclusive distributor of certain ancillary travel products for its UK business, thereby enabling it to continue to offer its customers these services.Adds that the divested business is based in London and operates with 20 people. 

Company Quote

6.0 +5.09%
18 Dec 2014