Inactive Instrument

Thomas Cook Group

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GB00B1VYCH82

Thomas Cook : shareholder says firm to be sold as whole or in parts

September 23, 2019 at 08:08 am EDT

ISTANBUL (Reuters) - Thomas Cook will be sold as a whole or in parts after its collapse, the company's second-largest shareholder said on Monday, adding he would see what is offered before deciding whether to buy more assets.

Neset Kockar, who holds an 8% stake in the UK-based travel firm, said Thomas Cook owes "a few hundred million pounds" to Turkish businesses that may not be paid after it is sold.

Kockar is also the chairman of Turkey-based Anex Tour, which caters mainly to tourists from countries such as Russia and Ukraine.

(Reporting by Ceyda Caglayan; Writing by Ali Kucukgocmen; Editing by Jonathan Spicer)

Latest news about Thomas Cook Group

Altor Fund V AB managed by Altor Equity Partners AB , TDR Capital LLP and Strawberry Group AS cancelled the acquisition of Thomas Cook Northern Europe AB from Thomas Cook Group plc.	20-10-29	CI
Triton cancelled the acquisition of Northern Europe business from Thomas Cook Group.	20-05-22	CI
LOT Polish Airlines S.A. cancelled the acquisition of Condor Flugdienst GmbH from Thomas Cook Group plc and others.	20-04-12	CI
Ionic Invest and Thomas Cook Group plc completed the acquisition of Biblio Globus.	20-03-21	CI
Salaun Holidays SAS acquired Thomas Cook France SAS from Thomas Cook Group plc.	20-02-11	CI
LOT Polish Airlines S.A. agreed to acquire Condor Flugdienst GmbH from Thomas Cook Group plc and others for approximately €380 million.	20-01-23	CI
Russian travel agency Intourist plans IPO after shareholder change	19-11-15	RE
Anex Tour agreed to acquire OAO VAO Intourist from Thomas Cook Group plc.	19-11-14	CI
Emirates airlines first half profit surges on cheaper fuel, cost cuts	19-11-07	RE
Altor Fund V AB managed by Altor Equity Partners AB , TDR Capital LLP and Strawberry Group AS signed an agreement to acquire Thomas Cook Northern Europe AB from Thomas Cook Group plc on October 30, 2019.	19-10-29	CI
Thomas Cook India : Travel firm Thomas Cook's Nordic business strikes deal with new owner	19-10-29	RE
Second Brexit referendum would keep Britain in EU - Virgin's Branson	19-10-23	RE
Brexit insolvency fears boost demand for trade credit insurance	19-10-16	RE
Thomas Cook Germany withdraws bridging loan application - liquidator	19-10-16	RE
Thomas Cook German airline wins EU okay for 380 million German loan	19-10-14	RE
Thomas Cook failure spurs UK to act on airlifting tourists home	19-10-11	RE
Travel firm Thomas Cook gets non-binding offer for Nordic operations	19-10-11	RE
UK accounting watchdog to get 80 more 'teeth'	19-10-09	RE
Rescue talks for Thomas Cook Germany are going well: liquidator	19-10-09	RE
Hays Travel Ltd. acquired Retail portfolio of 555 stores of Thomas Cook Group plc.	19-10-08	CI
Egypt operator owed $7.7 million by Thomas Cook: chairman	19-09-30	RE
UK's business committee to investigate Thomas Cook collapse	19-09-26	RE
Gambia fears tourism crisis after Thomas Cook collapse	19-09-26	RE
Thomas Cook Group plc(LSE:TCG) dropped from FTSE All-Small Index	19-09-26	CI
Ryanair Not Interested In Buying Thomas Cook Airlines	19-09-26	CI

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Company Profile

Thomas Cook Group is one of the world's leading tourism groups. It operates through Thomas Cook, Airtours, Neckermann, Condor, Ving, Direct Holidays Sunquest groups. Net sales break down by activity as follows: - sale of holiday packages (67.8%): flights, transfer, accommodation, travel insurance, etc. ; - airline services (32.2%). At the end of September 2018, the group owned 186 hotels and operated a fleet of 100 aircrafts. Net sales break down geographically as follows: the United Kingdom (24%), Germany (37.8%) and Europe (28.2%).

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