Fairfax buys Thomas Cook India

Canada’s Fairfax Financial wins auction for Thomas Cook India

British travel company Thomas Cook accepts $150 million bid from Fairfax Financial for its Indian business.

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Nick Ferguson

May 23, 2012

Thomas Cook agreed yesterday morning to sell its entire 77% stake in its Indian unit to Fairbridge Capital, a subsidiary of Canada’s Fairfax Financial, for £95 million ($150 million).

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