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Thomas Cook Share News (TCG)



Share News for Thomas Cook (TCG)


Share Price: 157.10Bid: 157.00Ask: 157.40Change: 2.70 (+1.75%)Riser - Thomas Cook
Spread: 0.40Spread as %: 0.25%Open: 155.30High: 157.10Low: 153.50Yesterday’s Close: 154.40




BRIEF-Thomas Cook extends hotel sales agreement with Iberostar

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

((London Equities Newsroom; +44 20 7542 7717))



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