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English Heritage
£30,190 - £32,636pa + matched pension + benefits
Home-based with countrywide travel
Thomas Cook sells hotel group interest
By Pete Hayman
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English Heritage
£30,190 - £32,636pa + matched pension + benefits
location: Home-based with countrywide travel, United Kingdom
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Thomas Cook Group has reached an agreement to sell its interest in the Spain-based hotel group Hoteles Y Clubs De Vacaciones (HCV) to Iberostar Hotels y Apartamentos (IBS).
The sale of HCV forms part of Thomas Cook's disposal programme, which was unveiled earlier this year and aims to offload up to £200m (EUR238m) worth of non-core assets.
Thomas Cook is to receive cash proceeds worth EUR72.2m (£60.7m) from the HCV deal, with the hotel group being sold with a net debt of EUR22.4m (£18.8m).
Completion of the deal, which is subject to shareholder approval, is due during the first quarter of 2012.
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Thomas Cook Group has reached an agreement to sell its interest in the
Spain-based hotel group Hoteles Y Clubs De Vacaciones (HCV) to Iberostar Hotels
y Apartamentos (IBS).
TOU,HHR,COL,HOT,TVL
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