Thomas Cook Group
Thomas Cook Group plc is a British global online/offline travel company created on 19 June 2007 by the merger of Thomas Cook AG and MyTravel Group plc. At flotation on the London Stock Exchange 52% of the shares in the new company were held by the German mail order and department store corporation Arcandor (former owners of Thomas Cook AG) and 48% owned by the shareholders of MyTravel. On 9 June 2009 Arcandor filed for bankruptcy. The merger, which was backed by 99.9% of shareholders, took place through the formation of 'NewCo' which effectively purchased MyTravel and Thomas Cook and was then listed on the London Stock Exchange under the name of Thomas Cook Group plc (LSE: TCG). It is a constituent of the FTSE 250 Index.
It was announced on 8 October 2010 that the UK high street travel agency and foreign exchange businesses of the Thomas Cook Group were to merge with The Co-operative Travel to create the UK's largest travel network.
Read more about Thomas Cook Group: Operations, Sponsorship, Ownership, See Also
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