Thomas Cook completes sale of North American business

2nd May 2013 08:12

Travel group Thomas Cook has completed the sale of its North American business to Red Label Vacations. The business, which operates a tour operator and distribution network in Canada, was sold for £3.4m based on March exchange rates. The sale was made to allow the company to focus on its core segments and future growth, it said.The share price was down 0.53% at 131.30p in opening trade on Thursday.NR