Guo Guangchang

Fosun buys Thomas Cook, eyes Greek market

Published by Kathimerini on Wed, 08/28/2019 - 20:24

Chinese company Fosun has agreed to acquire 75 percent of UK group Thomas Cook's tour operations and 25 percent of its airline business for 450 million pounds (497 million euros) while the group's creditors - banks and bondholders - will put up a similar amount to buy 25 percent of the tour business and 75 percent of the airline business.