Fairbridge Capital acquires Thomas Cook India for $150m
Fairbridge Capital, a subsidiary of Fairfax Financial Holdings, has acquired the Indian arm of Thomas Cook, the second-largest holiday maker in Europe, for INR8.17 billion ($150 million).
Thomas Cook's 77% in the unit will now be transferred to Fairbridge, which paid the equivalent of INR50 per share - an 11% premium to the trading price before the auction for the asset was announced in...
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