Tuesday, July 18, 2006

Thomas ‘Cook’ing an expansion deal


Tour operator major, Thomas Cook India Ltd. declared its amalgamation plans with LKP Forex Ltd., the foreign exchange arm of LKP Group. The LKP Group offers a gamut of financial services ranging from Merchant Banking to Treasury & Fund Management to Equity Research as well as Foreign Exchange Broking. The parties have signed a non-binding MoU for the merger. Thomas Cook has decided against splitting of its equity shares for the same purpose. The new entity would have presence in over 46 cities, with 145 branches, thus helping to increase the retail presence of
Thomas Cook in India.

For complete IIPM article click here

Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri







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