Dubai Financial acquires license for Thomas Cook in W Asia

New Delhi, Aug 3 (UNI) Dubai Financial, a subsidiary of Dubai Investment Group (DIG), has obtained the license to use the Thomas Cook brand in West Asia.

In addition, it will also acquire Thomas Cook Overseas Ltd and its Lebanon unit.

Earlier in the year, Dubai Financial acquired Thomas Cook (India) Ltd (TCIL).

''The acquisitions complement our investment in TCIL, as we implement our growth strategy beyond the subcontinent under the Thomas Cook brand,'' DIG CEO Soud Ba'alawy said.

Thomas Cook's strong business-to-consumer brand and global footprint will help drive Dubai Financial's presence in the travel and financial services industry, he added.

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