Thomas Cook in £750m rescue deal talks with biggest shareholder

China 0 Comment 0

Chinese investor Fosun would be given majority stake in travel firm’s tour operator business

The struggling travel company Thomas Cook is in talks over a £750m rescue package that would give its Chinese investor Fosun a majority stake in the company’s tour operator business.

The firm confirmed on Friday that is in “advanced discussions” with the Club Med owner and Thomas Cook’s main lenders over the deal, which would ensure it could continue trading through the winter.

Thomas Cook owes its name to a humble and deeply religious 32-year-old cabinet-maker who, one June morning in 1841, hiked the 15 miles from his home in Market Harborough to Leicester, to attend a temperance meeting.

Related: Brexit, bargains and Boeing: factors affecting the summer holiday market

Continue reading…
Source: china
Link : Thomas Cook in £750m rescue deal talks with biggest shareholder

Author

Leave a comment

Search

Back to Top