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Cook gets 99.9% go-ahead for asset sale

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Overwhelming majority of Thomas Cook shareholders approve sales

Approval has been given by the overwhelming majority of Thomas Cook’s shareholders for the struggling tour operator’s plan to sell part of its aircraft fleet and some Spanish hotels. A spokesperson confirmed to TTG that there was a 99.9% vote in favour of the sales.
The debt-laden company needed shareholder approval for the sale and leaseback of part of its aircraft fleet and the sale of five Spanish hotels. It warned that failure to gain this backing could ultimately end in bankruptcy for the tour operator.
TTG Digital
[pictured: Hotel Alia Palace, Pefkohori, Greece]

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