10 February 2009

Thomas Cook to buy out Lufthansaââ¬â¢s Condor stake


Thomas Cook Group is to acquire Lufthansa's 24.9% stake in its German airline Condor.
 
The buy-out for is €77.19 million will come through the exercise of options granted in 2007, a statement said.
 
The price agreed under the options at that time will be payable in cash at completion.
 
by Phil Davies 


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