Published on Wednesday, December 28, 2011

Thomas Cook sheds more assets

Thomas Cook has agreed a deal to sell its Dutch office building for £15 million.
Under the terms agreed with FN2 B.V., part of the Fotex group, €11 million will be paid to Thomas Cook by 31 December 2011 and €4.2 million will be paid by 31 March 2012.

A further  €2.8 million will be deposited into escrow - money held by a third party pending the transaction.

The sale of the building in Hoofddorp,  in the Netherlands, is part of Thomas Cook's disposal programme announced earlier this year.

See story on post-Christmas ad campaign.


By Diane Evans

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