Thomas Cook Sells Its Specialist Subsidiary to Dutch Investor | CashKaro News Network

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Thomas Cook Sells Its Specialist Subsidiary to Dutch Investor

Source: Google

Thomas Cook has recently sold its specialist subsidiary named Tour Vital to a Dutch investor as a part of Dutch Financial Fund. The company confirmed that it has sold its subsidiary to focus strongly on its core business. The same has been acquired by Nimbus-Hands-on investors which now owns 70% of the shares of the company. Tour Vital is a company that specialises in tours accompanying a doctor. The subsidiary mostly creates trips for the elderly, hence having revenues of about 40 million Euros. Thomas Cook explained: “The background to the decision is Thomas Cook’s strategic positioning with a focus on core business, which includes expansion of own hotel brands and concentration on a clear product portfolio across all markets.”

Source: FVW

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