Thomas Cook rescue plan to give China's Fosun control of tour business
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HONG KONG (Reuters) - Thomas Cook is in talks with largest shareholder Fosun Tourism and lenders for a £750 million bailout, a proposal giving the Chinese firm control of the British company's core packaged-tour business.The proposed deal would also give Fosun Tourism a minority interest in Thomas Cook's airline business, marking one of the most significant purchases of a British company by a Chinese group in years. The world's oldest travel company has been battered by fading demand for its..