TRAVEL company Thomas Cook Group has hired Credit Suisse to sell off its Indian foreign exchange business, according to weekend reports.
The sale is part of Thomas Cook’s planned divestments of non-core assets to raise £200m to reduce debt and shore up the troubled company’s balance sheet.
Thomas Cook was not immediately available for comment on the Sunday Times report. Thomas Cook swung to an annual loss last year after a series of profit warnings and the resignation of chief executive Manny Fontenla-Novoa in August.
