Thomas Cook turns to China's Fosun to save oldest travel firm
Share:
HONG KONG/LONDON (Reuters) - Thomas Cook is in talks on a 750 million pound bailout that will give its largest investor Fosun Tourism control of the indebted British group's package-tour business, in a blow to other shareholders.Shares in Thomas Cook dropped by more than 30% to their lowest level on record after news of the proposed deal, which would also give Club Med owner Fosun a minority interest in Thomas Cook's airline business."This comes at a cost, with a significant dilution for..