December 18, 2025 09:03 am (IST)
Follow us:
Thomas Cook India Group announces closure of acquisition process of Kuoni Travel (China) Limited
Mumbai, Nov 10 (IBNS): Thomas Cook on Tuesday announced that it has formally concluded the acquisition of 100% shareholding of Kuoni Travel (China) Limited, Hong Kong from the Kuoni Group.
Commenting on the acquisition, Madhavan Menon, Managing Director of Thomas Cook (India) Ltd, said, "We have completed the closure process for the acquisition of Kuoni Travel China Limited based in Hong Kong. The acquisition of Kuoni Hong Kong - ably led by Maria Ng, represents an important milestone for Thomas Cook India Group, as it facilitates our entry into Asia - including China, the fastest growing travel market in the world."
Maria Ng, Managing Director of Kuoni Hong Kong said, "We are delighted to join the Thomas Cook India and Fairfax Group and look forward to working with Madhavan and his team to leverage the significant complementary opportunities across Asia, that this partnership opens up."
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
SBI rolls out YONO 2.0! Banking gets a major digital upgrade
Wed, Dec 17 2025
Nephrocare IPO pops on debut, dialysis major lists at 7% premium
Wed, Dec 17 2025
Rupee hits new lifetime low, but top economist says ‘don’t panic’
Wed, Dec 17 2025
How AI will reshape India: TCS and CII drop their report
Tue, Dec 16 2025
Why Gold Loans Are a Better Option than Selling Your Gold?
Tue, Dec 16 2025