Press: Lufthansa to sell Thomas Cook stake

24th Apr 2006

A German newspaper report states that Lufthansa has agreed to sell its 50 percent stake in tourism group Thomas Cook AG to joint venture partner KarstadtQuelle, dealers said. Handelsblatt reported that under the deal, KarstadtQuelle—which already owns 50 pct of Thomas Cook—will acquire the remaining shares from Lufthansa for a potentially high triple-digit million euro deal.

Thomas Cook’s Condor airline will in return be reintegrated into the Lufthansa group.

Karstadt Chief Executive Thomas Middelhoff and Lufthansa Chief Exeuctive Wolfgang Mayrhuber have reached an agreement in principle on the matter, the newspaper says.

A KarstadtQuelle spokesman described the report as speculation and declined to comment further on it, Handelsblatt said.

A Lufthansa spokesman told the newspaper the company is not currently in talks about divesting its Thomas Cook stake.


Newspaper Web site:


Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation