Cox & Kings’ 100% subsidiary--Prometheon Enterprises (PEL) has sold 11.58% stake in Prometheon Holdings (UK) (PHUK) to an investee company of SSG Capital Management.
PEL earlier held 65.58% of PHUK, which houses the Education and Hybrid hotels businesses. Post stake sale, Cox & Kings will hold 54% of PHUK through PEL while SSG Capital will hold 46%. In November 2017, SSG Capital had bought The Rohatyn Group's (TRG) entire stake of 34.42% in PHUK.
Cox and Kings is engaged in providing travel management solutions. Its services include destination management, outbound tourism, business travel, insurance and conference solutions. The firm also offers domestic holidays, trade fairs, foreign exchange and insurance.
