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Thomas Cook India Group announces closure of acquisition process of Kuoni Travel (China) Limited
10 Nov 2015, 07:12 am
Mumbai, Nov 10 (NITN): Thomas Cook on Tuesday announced that it has formally concluded the acquisition of 100% shareholding of Kuoni Travel (China) Limited, Hong Kong from the Kuoni Group.
Commenting on the acquisition, Madhavan Menon, Managing Director of Thomas Cook (India) Ltd, said, "We have completed the closure process for the acquisition of Kuoni Travel China Limited based in Hong Kong. The acquisition of Kuoni Hong Kong - ably led by Maria Ng, represents an important milestone for Thomas Cook India Group, as it facilitates our entry into Asia - including China, the fastest growing travel market in the world."
Maria Ng, Managing Director of Kuoni Hong Kong said, "We are delighted to join the Thomas Cook India and Fairfax Group and look forward to working with Madhavan and his team to leverage the significant complementary opportunities across Asia, that this partnership opens up."
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