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Article: Links, Norton Rose, Slaughters act on Thomas Cook share sale.
- Article from:
- The Lawyer
- Article date:
- September 21, 2009
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Linklaters, Norton Rose and Slaughter and May have secured roles on the #900m share placing of a 44 per cent stake in tour operator Thomas Cook.
Three banks - BayernLB, Commerzbank and RBS - came to control a significant portion of the company after the collapse of German retail group Arcandor, which owned more than half of Thomas Cook's shares.
The 44 per cent stake had been collateral for a e1bn (#880m) loan and was transferred to the banks when Arcandor filed for insolvency in June.
Norton Rose banking partner Dirk Trautmann in Munich and corporate partner Julian Stanier advised BayernLB as the agent for the lending banks. Slaughters ...