Fosun Tourism to buy Thomas Cook, related hotel brands for £11 million
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(Reuters) - China's Fosun Tourism Group said on Friday it would acquire the Thomas Cook and related hotel brands for £11 million, in a bid to expand its presence in the tourism business.The assets include trademarks, domain names, software applications and licences of the British travel firm and related hotel brands, Hong Kong-listed Fosun said, adding that it did not plan to buy overseas assets or businesses related to Thomas Cook for the time being.Fosun Tourism Chairman Qian Jiannong said..