Thomas Cook (India) announces completion of acquisition of Kuoni Travel (India)

On 16 December 2015

Thomas Cook (India) announced that the Company along with Travel Corporation, its wholly owned subsidiary, formally completed the process of acquisition of 100% shareholding of Kuoni Travel (India) from Kuoni Group on 16 December 2015.

With this, Thomas Cook (India) completes the acquisition of Kuoni Group's Travel businesses across both India and Hong Kong. In addition to the current brands of Thomas Cook and Travel Corporation (India), the acquisition will allow Thomas Cook India Group the usage of the SOTC brand (including SITA) in perpetuity, the Kuoni brand in India for 12 months and in Hong Kong for 5 years.

 

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