10 Jun 2019 07:54
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10 June 2019
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Statement re media speculation
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Thomas Cook Group notes media reports regarding a potential offer for its tour operator business from Fosun International Limited ("Fosun"), the group's largest shareholder. Thomas Cook confirms that it is in discussions with Fosun following receipt of a preliminary approach.
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There can be no certainty that this approach will result in a formal offer. However, the Board will consider any potential offer alongside the other strategic options that it has, with the aim of maximising value for all its stakeholders.
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The Company will make a further announcement as appropriate.
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ENDS
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About Thomas Cook Group Plc.
Thomas Cook Group plc. is one of the world's leading leisure travel groups, with sales of £9.6 billion in the year ended 30 September 2018. It is supported by 21,000 employees and has 200 own-brand hotels. It operates from 16 source markets and serves over 22 million customers annually. Thomas Cook Group plc's shares are listed on the London Stock Exchange (TCG).
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In 2018, Thomas Cook's Tour Operator reported revenues of £7,394 million with underlying EBIT of £161 million.
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For further information please contact:
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Analysts & Investors: | Tej Randhawa, Thomas Cook Group | +44 (0) 20 7557 6487 |
Media: | Matthew Magee, Thomas Cook Group Chris Alfred, Thomas Cook Group | +44 (0) 20 7294 7059 +44 (0) 20 7294 7203 |
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