The Scandinavian arm of collapsed Thomas Cook expects to have a buyer by Christmas.

Thomas Cook Northern Europe has attracted several bids and interest from more than ten potential suitors.

The Nordic business said after the group’s failure in September that it would continue to operate as usual as it is a separate legal entity and that it was looking for new owners.

Lisbeth Nedergaard, a spokeswoman for the Danish unit Spies, which is part of the Nordic business, told Reuters:“We are now closer than ever and it [the process to find a buyer] will definitely be concluded before Christmas.”

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She declined to say how many firms were still involved in the bidding process.

A non-binding bid was made for the Nordic operations from an unnamed bidder earlier in the month.

Swedish private equity group Triton, which attempted to take over the business in May, is reported to be among the interested parties although declined to comment.

Triton runs European travel firm Sunweb Group and announced plans in June to acquire leading Dutch and Belgian operator Corendon Holiday Group.   

The Thomas Cook Scandinavian division operates in Norway, Sweden, Finland and Denmark and includes brands such as Ving, Tjareborg and Spies.

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