Kuoni outgoing business no longer interests Thomas Cook or TUI
Kuoni, the Swiss travel group, has seen Thomas Cook and TUI withdraw interest in its outgoing travel business, Aargauer Zeitung reported.
The Swiss daily cited a TUI spokesperson who said the group was not interested in Kuoni or its subsidiaries, while a Thomas Cook spokesperson also stated the company had no interest in Kuoni's units.
Herbert Bolliger, Chief Executive at the Swiss retail group Migros, owner of the Hotelplan travel business, this week reaffirmed his interest as long as the price is right, the report stated.
Other interested parties are thought to include Swiss retail group Coop, German FTI Group, Swiss Diethelm Keller, Emirates unit Dnata, and various private equity groups.
Aargauer Zeitung