Russian takes stake in Thomas Cook

A Russian called Lilia Rodionova  has taken a 3.4% stake in Thomas Cook.

A notice to the markets showed Rodionova is registered to the western Russian city of Ulyanovsk.

It comes a week after the owner of a Turkish travel firm Neset Kockar, the entrepreneur who founded Anex Tourism Group, increased his stake in Cook from 6.71% to 8% on July 31.

Anex operates under the name Anex Tour in Russia, Ukraine, Kazakhstan and Germany and also with its Orex Travel companies in the Czech Republic, Slovakia and Poland.

The investment saw shares in Cook rise by more than 50% in two days to 7p. Shares are currently 9.62p

Cook confirmed three weeks ago that it was in “advanced discussions” that would see its tour operating arm take over by Chinese conglomerate Fosun – owner of Club Med – and banks through a £750 million recapitalisation.

More: Why Thomas Cook will not be broken up after planned Fosun takeover

Chinese group would retain Thomas Cook name [June 19]

Comment: What now for Thomas Cook? [July 5]

Special Report: The future of Thomas Cook is attracting new interest

Share article

View Comments

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.