Thomas Cook sells Essential Travel
Thomas Cook Group has sold its ‘add-ons’ business to Holiday Extras Group for £2.1m.
The deal to sell Essential Travel Limited – Cook’s UK ancillary travel products business – is still subject to regulatory approval from the FCA.
But the operator will still offer the same service to customers as it’s struck a deal for Holiday Extras to be its exclusive distributor of certain ancillary travel products for its UK business – such as airport and cruise terminal parking, airport hotels and lounges and travel insurance.
Harriet Green, group chief executive Officer of Thomas Cook Group plc, said: "Further to our recent results announcement, I am pleased to report yet more progress as we deliver the rapid transformation of Thomas Cook."
The sale will result in a loss on disposal of £15m principally arising from goodwill recognised at the time of acquisition in March 2010.
The Essentials business is based in London and operates with 20 people.
Diane
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