Thomas Cook India sale completes, generating net proceeds of £87m

Thomas Cook Group plc announces that the disposal of its interest in Thomas Cook (India) Limited to Fairbridge Capital (Mauritius) Limited has now completed, following shareholder approval on 9 August 2012. The transaction was originally announced on 21 May 2012.

The transaction has generated net proceeds of c.£87m and, as agreed under the terms of the facilities agreement, these will be used to reduce the net debt of the Group.