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Thomas Cook shares soar following investment by Turkish holiday tycoon

Operators
James Chapple
1 August 2019

Thomas Cook’s share prices soared nearly 30% during early trading on Thursday (1 August) following investment by Turkish holiday tycoon Neset Kockar.

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It comes after it was disclosed on Wednesday (31 July) that Kockar, chairman of Turkish holiday giant Anex Tourism, had snapped up a 6.71% stake in Cook.


Cook’s share prices shot up 25% (1.10p) by close of trading on Wednesday, and were up a further 28% to just over 7p shortly before 9am on Thursday morning.


Kockar is the founder and owner of Anex Tour, which he set up in 1996. The company operates primarily in Russia, Ukraine, Kazakhstan and Germany, while subsidiary Onex Travel operates in the Czech Republic, Slovakia and Poland.