“The acquisition of TCIL allows Thomas Cook to capitalise on the anticipated strong growth and development of the Indian economy, which we expect to be mirrored by even stronger growth in travel,” said Manny Fontenta-Novoa, Group chief executive Thomas Cook Group plc.
THE COST FACTOR
• UK firm to spend 214 mn euro to buy up to 74.9 per cent in Thomas Cook India
• It will cost 35 mn euro to buy back Egyptian business and the return of the brand licenses in the 15 West Asian
• Dubai Financial Group bought the Thomas Cook stake in Jan 2006 for $115 mn
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