Thomas Cook has sold its UK ancillary travel products business, Essential Travel, to the Holiday Extras Group for £2.1 million.
The sale is subject to regulatory approval from the Financial Conduct Authority. The deal was reported earlier today by StockMarketWire.
Thomas Cook has also entered into a commercial agreement with Holiday Extras to be its exclusive distributor of certain ancillary travel products for its UK business .
This includes airport and cruise terminal parking, airport hotels and lounges and travel insurance enabling it to continue to offer its customers these services.