Thomas Cook plans to sell its Indian arm
Thomas Cook has initiated a process to sell its 77% stake in Thomas Cook India, a transaction intended to bring down its debt up to GBP890 million ($1.4 billion). Several Private equity investors are said to be potential suitors.
Thomas Cook, the second-largest holiday maker in Europe, has been warned of a possible debt default in the UK, its home market. The company has asked lenders to come to its rescue twice in five weeks....
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