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Thomas Cook Group plc Update - Arcandor AG
10 June 2009
Dear Customers and Suppliers,
Thomas Cook Group plc is one of the world's leading
leisure travel groups traded on the London Stock Exchange FTSE 100. This week,
the German conglomerate Arcandor AG who owns 52.8% of the Thomas Cook Group plc
shares announced that it had applied for insolvency proceedings.
This announcement will have no impact on Thomas
Cook’s financial or operational performance as it is a standalone company and
is completely independent from Arcandor.
There is no impact whatsoever on our people, our
aircraft or our relationships with hotels and other external suppliers. Neither
will there be on holidays and services we provide for our customers.
Further information relating to this announcement
can be found on the Thomas Cook Group plc website www.thomascookgroup.com
Kind regards,
Mounir Kamal
Managing Director
Egypt & Middle East
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