Thomas Cook Attracts Offer From Triton for Scandinavian Arm
- Private-equity firm in preliminary approach for regional unit
- S&P, Fitch lower tour operator’s credit score deeper into junk
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Thomas Cook Group Plc received an offer from private-equity firm Triton Partners for its Scandinavian arm, providing a potential boost to the beleaguered U.K. holiday company that is trying to raise cash.
The world’s oldest travel agency is evaluating the “highly preliminary and unsolicited” offer for its tour operator and airline business in Norway, Sweden, Finland and Denmark, according to a statement. Thomas Cook also said it’s considering multiple bids for parts or the whole of its airline operation.