Recovery play Thomas Cook (TCG) met its minimum divestment target of £100m 18 months ahead of schedule as it revealed plans to sell off UK-based long haul flight distributer Gold Medal to dnata, a Dubai-based travel company and part of the Emirates Group.
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The sale will net the company £45m and boost total income from its divestitures programme to £125m. Finance chief Michael Healy admitted the recent disposal of selected non-core businesses had allowed selling assets to become "less of a burning issue". But the group is still keen to reap £150m from divestments by the end of the 2015 financial year.
