MOSCOW, Nov 15 (Reuters) - A Turkish investor will purchase Intourist from bancrupt Thomas Cook din
MOSCOW, Nov 15 (Reuters) – A Turkish investor will purchase Intourist from bancrupt Thomas Cook dinner and plans an preliminary public providing (IPO) in Russia’s oldest journey company as soon as it’s recapitalised, Intourist mentioned on Friday.
Thomas Cook dinner, the world’s oldest journey agency, collapsed in September and the closely indebted enterprise has been bought off in elements.
Neset Kockar, the chairman of Turkey-based Anex Tour who was a shareholder in Thomas Cook dinner, mentioned he deliberate to maintain the Intourist model and develop it with Anex Tour, which can also be current in Russia, based on the Intourist assertion.
“After the corporate (Intourist) is recapitalised and restructured, we’ll flip Intourist into a very individuals’s firm through an IPO in Russia,” he mentioned within the assertion.
It didn’t present additional particulars concerning the IPO.
Intourist, established in 1929, was the only gateway for foreigners who wished to go to the Soviet Union, producing international forex…