Thomas Cook to expand presence in Russia with new joint venture
22 March 2019 - Thomas Cook Group announces that it has agreed to enter into a joint venture agreement with Ionic Invest, to buy the tour operator of Biblio Globus, one of the largest tour operators in Russia. The joint venture, in which Thomas Cook intends to assume a 30% minority stake, will give Thomas Cook a leading position in a growing market, help to further diversify the Group's customer base, and enable it to secure additional flight capacity to support the future growth in its existing Russian business...