Lufthansa to sell Cook stake?
Lufthansa is reportedly considering a review of its half share in Thomas Cook.
The German airline is close to appointing advisors about strategic options for its shareholding in Europe’s second largest tour operating group, according to the Sunday Times. Any sell-off could raise hundreds of million of pounds.
Rival TUI is seen as a possible bidder for parts of Thomas Cook but competition issues would prevent a full bid, the newspaper reported yesterday.
An initial public offering or a sale to a trade buyer or public equity firm could be considered under the review.
German retailer KarstadtQuelle, which owns the other 50% in Thomas Cook, is undergoing a restructuring and the newspaper reports that it and Lufthansa want to focus on their core businesses.
Report by Phil Davies
Phil Davies
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 