Thomas Cook has completed acquisition of Kuoni Travel India Pvt Ltd

Q.  Thomas Cook has received clearance to acquire 100% stake in which travel company?
- Published on 21 Dec 15

a. Kuoni Travel India Pvt Ltd
b. Sita Travels
c. Yatra dot com
d. MakeMyTrip

ANSWER: Kuoni Travel India Pvt Ltd
 
Clearance has been received from the Competition Commission of India by Thomas Cook India Ltd along with wholly owned subsidiary Travel Corporation India Ltd to complete the acquisition of 100% stake in Kuoni Travel India Pvt Ltd. Transaction was formally concluded on 16th December and the deal worth INR 535 crore was announced in early August 2015 and Thomas Cook India has said the transaction will close in the third quarter of the current financial year. Thomas Cook will gain control over Kuoni’s India and Hong King Operations and acquisition now allows the acquiescing company to use the SOTC brand (including SITA) forever, which has been the Kuoni brand for 12 months in India and 5 years in Hong Kong.

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