OTHER NEWS - June 5, 1992
From Times Staff and Wire Reports
Thomas Cook Sold to German Investors: London’s Midland Bank said it has agreed to sell its Thomas Cook Inc. travel division to German interests for $362 million. The 151-year-old travel service, foreign exchange and travelers’ check enterprises were purchased by Westdeutsche Landesbank Girozentrale, Germany’s third-largest bank, and its LTU Lufttransport-Unternehmen affiliate, Germany’s largest charter airline. Midland is now the target of a multibillion-dollar takeover battle between Hongkong & Shanghai Bank and Lloyds Bank.
