Paris— Dentons successfully advised Havas Voyages in the context of its consortium bid for the takeover of Thomas Cook France. Havas was part of a consortium of ten other buyers, which submitted a joint purchase offer in order to save as many jobs at Thomas Cook as possible. Their offer was accepted by the Nanterre Commercial Court on 28 November 2019.

Along with Havas Voyages, the consortium was originally composed of four other companies: SN Agencies, Navitour Voyages, Charles SAS, Cati and Coach & Travel. Esprit de voyages, Servotel Originale, Brocs Voyage, Voyages d'Affaires and Citra Voyages later joined the consortium.

The consortium and two other buyers have taken over 149 branches and 348 employees, representing nearly 80% of the workforce of the distribution network and the B2C Group business, for a sale price of €1,185,500. Thomas Cook's tour operator activity was not included in the transaction.

Partner Audrey Molina and associate Gwenaëlle de Girval, from Dentons’ Restructuring and Insolvency team in Paris, advised Havas Voyages.

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