In 2001,
Thomas Cook & Son was acquired by the German company C&N Touristic AG, which changed its name to Thomas Cook
AG. On 21 December 2005, Thomas Cook AG sold off Thomas Cook International Markets (a venture which includes 60% of the stake in Thomas Cook India Ltd) to Dubai Financial LLC, part of the Dubai Investment Group (DIG) which manages the financial and real estate interests of
Sheikh Mohammed bin Rashid Al Maktoum, ruler of
Dubai. Following this, Thomas Cook Overseas Limited (a wholly owned subsidiary of Thomas Cook UK) was sold off, this time again to Dubai Financial LLC. Thomas Cook Canada was sold to
Transat A.T. in 2006, marking Thomas Cook's exit from the North American market in terms of its own retailer. On 12 February 2007, Thomas Cook AG announced that it had agreed terms on a merger with
MyTravel Group to form
Thomas Cook Group. The merger was completed on 19 June 2007. == Operations ==