Russian travel agency Intourist plans IPO after shareholder change
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MOSCOW (Reuters) - A Turkish investor will buy Intourist from insolvent Thomas Cook and plans an initial public offering (IPO) in Russia's oldest travel agency once it is recapitalised, Intourist said on Friday.Thomas Cook, the world's oldest travel firm, collapsed in September and the heavily indebted business has been sold off in parts. Neset Kockar, the chairman of Turkey-based Anex Tour who was a shareholder in Thomas Cook, said he planned to keep the Intourist brand and develop it with Anex..