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Travel industry news

23 May 2019

BY James Chapple

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TRFBLI

Sunweb investor ‘in for Thomas Cook’s Nordic operation’ – reports

Thomas Cook has declined to comment on reports Sunweb Group investor Triton is lining up a bid for Cook’s Nordic airline and tour operator.

Thomas Cook Westfield Stratford City
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Sunweb investor ‘in for Thomas Cook’s Nordic operation’ – reports

Sky News reports Triton is “early” talks with Cook over a bid for is Nordic brands Ving, Tjareborg and Spies.


Together, Cook’s Nordic operation serves about 1.5 million customers a year, according to Sky.


Any deal, Sky reports, would be subject to Cook reducing its debts and putting its operations in the UK on a more sustainable footing.


Cook declined to comment when approached by TTG.


Triton acquired European tour operator Sunweb Group earlier this year.


It comes after Cook suffered a fresh financial blow on Thursday (23 May) when two major credit agencies, Fitch and S&P, downgraded its credit rating.


Cook’s share price fell 10% to 11p on Thursday morning, but had recovered to a high of nearly 13p by 2pm when rumours of Triton’s interest surfaced.

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