Thomas Cook plans further disposal

Wednesday, 23 Jul, 2012 0

Thomas Cook is to sell its in-house travel insurance business which could raise £100 million for the tour operator.

Advisors at PWC are close to being appointed to sell White Horse Insurance, the Dublin-based operation, reports the Sunday Times.

The sale is the latest disposal by Thomas Cook which is undergoing a massive cost-cutting exercise.

It is expected to interest trade bidders and private equity firms.



 

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