Arcandor to retain Thomas Cook stake
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German tourism group Arcandor has decided not to sell its stake in Thomas Cook, Reuters has reported.
“The decision was made not to sell shares of Thomas Cook Group,” a company statement read, following a meeting of its supervisory board. Arcandor holds around a 52% stake in Thomas Cook, generating about 60% of the group’s annual sales. Thomas Cook said it welcomed the news.
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