Trilegal Allen amp Overy AZB and Shearman lead on Thomas Cooks sale of Indian arm to Fairbridge

Bar & Bench May 24 2012

UK-based travel services provider Thomas Cook Group has sold its entire 77 percent stake in the Indian arm, Thomas Cook India to Toronto-based Fairbridge Capital (Mauritius), a subsidiary of Fairfax Financial Holding for Rs. 817.4 crore ($150 million).

This was followed by Fairbridge Capital making a public announcement of an open offer to acquire the remaining equity shares of Thomas Cook India from the public shareholders.

Trilegal advised Thomas Cook with a team led by Delhi Partner Harsh Pais along with Senior Associate Upasana Rao and Associate Clarence Anthony.

The London office of Allen & Overy acted . . .

This content is restricted to subscribers