Thomas Cook to merge with MyTravel

“KarstadtQuelle’s tour operator Thomas Cook is to merge with British package holiday company MyTravel, the companies said on Monday, confirming earlier reports. Thomas Cook will hold 52 percent of the enlarged group and 48 percent will be owned by MyTravel’s shareholders, the companies added. The new firm, named Thomas Cook Group Plc, is to be listed on the London stock exchange.”

Link: http://edition.cnn.com

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