Thomas Cook Buys Back Indian Unit

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Thomas Cook Group Plc, Europe’s second-biggest travel company, will acquire a majority stake in Thomas Cook India from Dubai Financial Group (DFG) for up to Rs1,336 crore, purchase its Egyptian business and Middle East brand rights in 15 Middle East countries from Dubai Financial Group (DFG).

The group is repurchasing Thomas Cook’s brand business, earlier licenced to Dubai Financial Groupany , to strengthen its brand value across the world.

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