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Thomas Cook to change hands as banks place shares

09/16/2009| 9:21:14 AM| 中文

Ownership of Thomas Cook is poised to change after banks holding almost 44% of shares in the company confirmed their placing on the London Stock Exchange.

Royal Bank of Scotland and Bayern LB and Commerzbank of Germany lead a consortium of creditor banks with control of a 43.9% stake in the group – placed with them by German retailer and current Thomas Cook parent Arcandor as a guarantee for loans.

See the full story at www.travolution.co.uk/articles/2009/09/10/2852/thomas-cook-to-change-hands-as-banks-place-shares.html
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