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Thomas Cook in Financial Trouble
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Old 30-12-2011, 16:32   #16
thenry
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Re: Thomas Cook in Financial Trouble

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Originally Posted by denphone View Post
Better book somewhere else for your holiday thenry.
Emirates can take over considering the incredibly low amount of money their sponsoring Arsenal for anywho Arsenal and 'Thomas Cook Sport' signed the deal in July 2011 running for 2 years.. hope they recover.

http://www.sharecast.com/cgi-bin/sha...ry_id=17496158

Quote:
Thomas Cook, the travel firm which came perilously close to bankruptcy earlier this month, has sold a property in the Netherlands to boost its cash flow.

The building is located in the town of Hoofddorp in the north of the country and will give Thomas Cook €18m in much needed cash.

The property is being bought by FN2, a subsidiary of the Fotex Group. It will pay €11m before the end of this year, then a further €4.2m by 31 March 2012. The balance of €2.8m will be deposited into escrow.

Thomas Cook said the sale is part of its £200m “disposal programme” of non-core assets which it plans to complete over the next 18 months. The proceeds will be used to pay down the groups debts.
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