Thomas Cook expands hotel portfolio through Aldiana deal
Thomas Cook Group plc has acquired a 42 percent stake in tour operator Aldiana from the Swiss investment company LMEY Investments. The transaction is subject to regulatory approval in Germany and Austria. The deal is part of a strategic partnership between Thomas Cook and LMEY Investments, which will allow both companies to further invest into vacation clubs and hotel complexes. Aldiana currently operates eight club resorts located in Spain, Greece, Cyprus, Tunisia and Austria. Upon completion of this transaction, Thomas Cook will enlarge its portfolio to 190 hotels and resorts in 17 countries worldwide.
VISCHER advised Thomas Cook as Swiss counsel. The team included under the lead of partner Dr. Benedict F. Christ Dr. Peter Kühn and David Weber.