Thomas Cook completes sale of North American business

Travel group Thomas Cook has completed the sale of its North American business to Red Label Vacations.

Travel group Thomas Cook has completed the sale of its North American business to Red Label Vacations.

The business, which operates a tour operator and distribution network in Canada, was sold for £3.4m based on March exchange rates.

The sale was made to allow the company to focus on its core segments and future growth, it said.

The share price was down 0.53% at 131.30p in opening trade on Thursday.

NR

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