11th Jul 2008 07:00
11 July 2008
Thomas Cook Group plc and Air Berlin PLC withdraw application for merger clearance
Thomas Cook Group plc ("Thomas Cook") and Air Berlin PLC ("Air Berlin") have today informed the German Bundeskartellamt (Federal Cartel Office) that they are withdrawing their current application for approval of the proposed merger of Condor Flugdienst GmbH and Air Berlin. The parties have also agreed that the existing agreement be terminated.
Thomas Cook continues to view Condor as a strong business with significant potential. Whilst discussions continue with Air Berlin about the feasibility of an alternative transaction, Thomas Cook is also pursuing a range of other available options for Condor.
In light of the potential materiality of the other options, Thomas Cook has decided to suspend its share buy back programme until further notice.
Enquiries:
Brunswick Group LLP
Fiona Antcliffe / Sophie Brand + 44 (0)20 7404 5959
ENDS
Related Shares:
Thomas Cook