Tue, 26th Jun 2012 07:25 LONDON, June 26 (Reuters) - Thomas Cook Group PLC:
* Sale of interest in Hoteles Y Clubs
De Vacaciones (HCV)
* Iberostar has requested an extension in order to put in place certain
completion arrangements
* Iberostar has agreed to pay a further deposit of E10M to Thomas Cook by 29
June 2012
* Resulting in a total deposit of E20M
* Thomas Cook and iberostar have agreed to complete the transaction by no later
than 27 July 2012
* Thomas Cook will receive net cash proceeds of approximately e71m from the transaction, including the total e20m deposit
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