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.
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.
Get unlimited access to the latest travel industry news and analysis, comment on articles and sign up to newsletters.
Register for free
Already registered? Login here or below.
Having difficulty logging in? Try these tips, or contact support@ttgmedia.com
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.
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.
Take our Matchmaking quiz to discover the agencies who are best-suited to your requirements. Select the option that describes your current situation below:
New to travel New to homeworking Travel trade professional Experienced homeworker
