Merged MyTravel, Thomas Cook will not pursue acquisition of First Choice unit |
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Mon, 12 Feb 2007 09:17
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LONDON (AFX) - The enlarged package tour operator created from the merger MyTravel Group PLC and KarstadtQuelle's Thomas Cook, announced this morning, it will not pursue an acquisition of First Choice Holiday PLC's mainstream business, which is up for sale.MyTravel has held early stage talks with First Choice, and reports indicated Thomas Cook has also taken a look at the business.However MyTravel's chief executive Peter McHugh said the new company, which is to retain the Thomas Cook name, will not pursue an acquisition.'This merger is quite a feat unto itself,' he told reporters on a conference call this morning.First Choice is selling the package tour business to focus on specialist, activity and long-haul holidays.amy.brown@thomson.comab/nesCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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MyTravel in advanced talks to merge with KarstadtQuelle's Thomas Cook - report 