Buyers consider Thomas Cook’s Indian brochure

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The Independent Online

Private equity funds are believed to be circling the Indian division of the troubled tour operator Thomas Cook.

The group agreed a £200m credit facility with its banks last weekend, but is thought to be looking at a number of asset sales to reduce its overall debt mountain of more than £1bn. An industry source said that Thomas Cook India was likely to be viewed as “non-core” by the group’s board and so could be amenable to approaches of up to £100m.