Thomas Cook Group - Thomas Cook India sale completes
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
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