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Thomas Cook India sale completes

14th Aug 2012 10:25

RNS Number : 9737J
Thomas Cook Group PLC
14 August 2012
 



14 August 2012

 

 

Thomas Cook Group plc

 

Thomas Cook India sale completes, generating net proceeds of £87m

 

 

Thomas Cook Group plc announces that the disposal of its interest in Thomas Cook (India) Limited to Fairbridge Capital (Mauritius) Limited has now completed, following shareholder approval on 9 August 2012. The transaction was originally announced on 21 May 2012.

 

The transaction has generated net proceeds of c.£87m and, as agreed under the terms of the facilities agreement, these will be used to reduce the net debt of the Group.

 

 

Enquiries

 

Thomas Cook Group plc

Investor Relations +44 (0) 20 7557 6413

 

Finsbury

Faeth Birch +44 (0) 20 7251 3801

This information is provided by RNS
The company news service from the London Stock Exchange
 
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