Thomas Cook Group - Merger of businesses with Co-operative Group

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Slaughter and May is advising Thomas Cook Group on the proposed merger of their high street travel and foreign exchange businesses with the Co-operative Group.

The deal, which was announced on 8 October 2010, will create the UK's largest high street travel network with over 1,200 shops and an enhanced position in foreign exchange.

The new company will be owned 70% by Thomas Cook and 30% by The Co-operative Group. There is no initial cash consideration.

William Underhill (partner), Nicholas Kuria (associate), Tom Try (associate), Susannah Macknay (associate); Tax: Graham Airs (partner), John Meehan (associate); Competition: William Sibree (partner), Paul Walter (associate); IP: Cathy Connolly (partner), Miles McCarthy (associate), Rebecca Even (associate); Property: David Waterfield (partner), Daniel Marriott (associate); Pensions: Roland Doughty (partner), Veena Sivapalan (associate).