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Thomas Cook is India’s leading travel company that provides all the travel related assistance and financial support. It has received approval from Competition Commission of India (CCI) for acquiring Kuoni Travel Pvt. Ltd. Further, the shareholders of this company gave their approval by a postal ballot that was received on September 21, 2015.
Managing Director of Thomas Cook India, Madhavan Menon further stated that with the approval of CCI, we will definitely success in swift closure of the acquisition process. From the acquisition of Kuoni Travel there is a great scope of benefits and synergies for all, as this company has its best presence in India along with SOTC. This is an opportunity to grow respective business together and to develop business opportunities in various areas.