Fairfax buys Thomas Cook India

Canada’s Fairfax Financial wins auction for Thomas Cook India

British travel company Thomas Cook accepts $150 million bid from Fairfax Financial for its Indian business.
<div style="text-align: left;"> Nile cruise: not so popular with tourists these days </div>
<div style="text-align: left;"> Nile cruise: not so popular with tourists these days </div>
May 23, 2012

Thomas Cook agreed yesterday morning to sell its entire 77% stake in its Indian unit to Fairbridge Capital, a subsidiary of Canada’s Fairfax Financial, for £95 million ($150 million).

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media