BRUSSELS -- The European Community Commission said it will probe the takeover of Midland Bank PLC's Thomas Cook Group Ltd. and Thomas Cook Inc. by German concerns LTU GmbH & Co. and Westdeutsche Landesbank Girozentrale.

Under the terms of the takeover, tour operator LTU and the German bank would take joint control of Thomas Cook through a share purchase.

Thomas Cook is a tour operator and foreign exchange retailer.

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