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Company Statement: Thomas Cook - Update on Competition Commission inquiry

( July 21, 2011, 18:00 GMT | Official Statement) -- MLex Summary: Travel service providers Thomas Cook, The Co-operative and the Midlands Co-operative have welcomed the Competition Commission's provisional clearance of their merger, which will create the UK's largest multi-channel travel retailer.The Thomas Cook Group, The Co-operative Group and the Midlands Co-operative are delighted the Competition Commission has provisionally cleared their merger to create the UK's largest multi-channel travel retailer, and welcome their provisional conclusion that the joint venture will not result in a substantial lessening of competition. Assuming the final report confirms today's news, the merger would create the UK's biggest travel retailer with the largest network of stores, a leading internet business and significant direct channels that all complement each other....

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