Thomas Cook Sells Egypt, Lebanon Businesses For £ 6.5 M

Thomas Cook Group has sold 100% of the Thomas Cook Egypt and Thomas Cook Lebanon businesses to Yusuf Bin Ahmed Kanoo (Holdings) Co WLL of Bahrain for a cash consideration of £6.5 million.

Thomas Cook Egypt and Thomas Cook Lebanon offered outbound corporate and leisure travel to Egyptian and Lebanese customers, as well as foreign exchange services in Egypt and Lebanon. Thomas Cook would continue to offer its customers from other markets travel services to Egypt.

Source: StockMarketWire