Buyers consider Thomas Cook’s Indian brochure
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.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies