Founder of Anex Tourism became co-owner of Intourist parent company
The founder of the Turkish holding company Anex Tourism, associated with the Russian operator Anex Tour, bought up almost 7% of the shares of the British Thomas Cook Group. Among its assets is Intourist - the Russian tour operator.
Neshet Kochkar, who lives in Turkish Antalya, became the owner of a 6.71% stake in the British Thomas Cook Group in late July. On July 26, Kochkar became the owner of a 4.76% stake, then on July 29 the stake increased to 5.41%, and finally on July 30 it reached 6.71%.
On Wednesday, July 31, when the new shareholder became known on the market, securities rose by 36% on the London Stock Exchange - up to £ 6 per piece. So, the capitalization of the entire Thomas Cook Group exceeded £ 137 million.
In Russia, Thomas Cook Group is represented by Intourist tour operator, in which, since the last fiscal year, the British have owned 100% of assets (previously, the partner was AFK Sistema of Vladimir Yevtushenkov). The turnover of Thomas Cook Group’s in Russia in the previous fiscal year reached $ 205.5 million, operating loss is $ 2.9 million and net loss is $ 7.5 million. These data are presented in the statements of the British ITC Enterprises Ltd, which registered part of the Russian business. Thomas Cook Group does not disclose consolidated data separately for Russia.
In March 2019, Thomas Cook Group announced that with Intourist tour operator it would become a co-owner of the largest Russian tour operator Biblio Globus. The deal is still not closed.
Neshet Kochkar, the new shareholder of Thomas Cook Group, is known on the tourism market as the founder of the Turkish Group Anex Tourism. In Turkey, the Group owns several hotels and incoming companies, hosting tourists from Russia, the CIS and Europe. This Group acts with the Russian tour operator Anex Tour, a competitor of Intourist and Biblio Globus. Moreover, formally the owner of LLC Anex Tourism, which carries out tour operator activities, is Asek Yeshpulatov. The strategic partner of Anex Tour's is Azur Air.
Azamat Shamyrkanov, the Anex Tour CEO, declined to comment on the investment of the Turkish founder of Anex Tourism.
According to the latest available data from the Turkish Ekin Group, in 2017 in Turkey Anex Tourism incoming company served more than 946 thousand tourists. The local Turkish partner of Intourist served 410 thousand tourists and the partner of Biblio Globus - 228 thousand. The similar figures have the host companies of Coral Travel (1,1 million people), Pegas Touristik (877 thousand) and Tez Tour (551 thousand tourists).