translation9 Aug 2019 09:24
The Turkish tourism company Anex Tour, which bought 8 percent shares from the British tourism giant Thomas Cook last week and made a name for itself in the world press with this move, is now sitting at the table to buy the whole company.
According to information obtained from Anex, London-based Thomas Cook's senior managers began negotiations for the purchase. Negotiations are expected to be finalized within a month, and if the acquisition takes place, Anex will be the second largest tourism company in the world.
33 THOUSAND EMPLOYEES
Thomas Cook, 178 years old, is the second largest tourism company in Europe. The company, with 105 aircraft in its fleet, more than 2,900 offices and 33,000 employees, has been in serious financial trouble for a long time.
The first move to overcome these difficulties came from the Chinese investment company Fosun International, the largest shareholder with 18 percent. In July, the Chinese company put Thomas Cook's $ 911 million rescue package on the table. However, Fosun's proposal did not prevent Thomas Cook's loss of value in the stock market.
VALUE INCREASED 100 PERCENT
Thomas Cook, which has a value of 2.2 billion pounds, has lost 94 percent of value on the London Stock Exchange since May 2018. Anex Tour, Thomas Cook'dan last week took a share of 6.7 percent, 8 percent of the same week stake. Following these moves by Anex Tour, Thomas Cook shares rose 100 percent to reach the highest level of the last month.
Thomas Cook's value per share, which was 3.45 pence on August 2, increased nearly twice, closing Friday last week with 9.11 pence. Thomas Cook shares, which started on Monday with 10.65 pence, were traded at 9.50 yesterday.
SECOND BIG SHAREHOLDER
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