Thomas Cook agreed to buy Öger Tours

Thomas Cook Group PLC – Europe’s second-largest travel company – agreed to buy the German tour operator Öger Tours GmbH, a specialist in package holidays and tours to Turkey(about 400.000 passengers; revenues: about 250 millionen Euro in 2009).Vural Oeger, founder and manager, plans to sell 100 percent of the company’s shares to Thomas Cook for about 30 million Euro but will join the supervisory board of Thomas Cook’s German branch.The brand Öger Tour and its Hamburg headquarters will remain. The acquisition is conditional upon antitrust clearance. The companies expect it to be completed by September 2010.Source:

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