10 June 2019
Statement re media speculation
Thomas Cook Group notes media reports regarding a potential offer for its tour operator business from Fosun International Limited ("Fosun"), the group's largest shareholder. Thomas Cook confirms that it is in discussions with Fosun following receipt of a preliminary approach.
There can be no certainty that this approach will result in a formal offer. However, the Board will consider any potential offer alongside the other strategic options that it has, with the aim of maximising value for all its stakeholders.
The Company will make a further announcement as appropriate.
About Thomas Cook Group Plc.
Thomas Cook Group plc. is one of the world's leading leisure travel groups, with sales of £9.6 billion in the year ended 30 September 2018. It is supported by 21,000 employees and has 200 own-brand hotels. It operates from 16 source markets and serves over 22 million customers annually. Thomas Cook Group plc's shares are listed on the London Stock Exchange (TCG).
In 2018, Thomas Cook's Tour Operator reported revenues of £7,394 million with underlying EBIT of £161 million.
For further information please contact:
Analysts & Investors:
Tej Randhawa, Thomas Cook Group
+44 (0) 20 7557 6487
Matthew Magee, Thomas Cook Group
Chris Alfred, Thomas Cook Group
+44 (0) 20 7294 7059
+44 (0) 20 7294 7203
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.